The past year has been great for the smart speaker industry. Smart speakers, the voice-activated, home-based devices that allow you to make searches, play music, and even purchase items, skyrocketed in popularity in 2017, with sales more than tripling. Brands like Amazon Echo, Google Home, and Sonos One have become household names, and consumers have already gotten used to having a voice-activated assistant on standby. But in the realm of technology, it’s hard to spend much time contemplating the present without looking to the future. Smart speakers have the potential to grow and develop even further in the future, especially…
Is Cash Dead?
Have you noticed that, over the years, you’ve begun to use your cards or mobile pay apps much more frequently than cash? You’re not alone in this, and this trend has been on the rise in other countries around the world. In China, for example, cash is quickly on its way out, with mobile payments doubling in the last year. Sweden has also been forgoing cash an at increasing rate over the last several years, and experts predict that it’s only a short matter of time before the country is entirely cashless.
In fact, Sweden may be completely digital in just a few years, if researchers Niklas Arvidsson of KTH and Jonas Hedman of Copenhagen School of Economics are to be believed. The pair estimate that cash will no longer be used or accepted by Swedish retailers by 2023, at the earliest.
Polling various Swedish retailers revealed that about half expect to stop accepting cash by 2025. Currently, 97 percent of all retailers accept cash payments, but only 18 percent of all transactions actually involve cash.
Card or Smartphone?
Interestingly, mobile payments are performing rather poorly. Credit and Debit cards are the primary way people pay, with mobile pay apps accounting for only 0.4 percent. It’s unclear why only a small amount of people seem to use them; it could be a matter of convenience, trust, or simply knowing how. According to Arvidsson, people are generally comfortable with paying digitally in some way, even if they never see the money leave their hands.
“We are a small country that has had a very stable democracy for a long time,” Arvidsson said. “For us, it’s no problem that the money is only visible on an internet site – we trust it.”
Consumers are largely facilitating the change, though banks have also done their part to push people away from cash, as they want to reduce the risk of robbery. Retailers share this sentiment.
“We wanted to minimise the risk of robberies and it’s quicker with the customers when they pay by card,” says bakery manager Victoria Nilsson, speaking with the BBC in September. “It’s been mainly positive reactions.”
The post Reports Indicate That Sweden Will Stop Using Cash by 2023 appeared first on Futurism.
Electric vehicles (EVs) are no longer just for hungry startups. A number of veteran car makers have joined the the EV race, launching various electric car concepts. Some are even promising to develop only all-electric vehicles from here on out. Now, General Motors (GM) announced on Monday its plans to launch at least 20 new EVs by 2023.
“General Motors believes in an all-electric future,” Mark Reuss, GM Product Development, Purchasing and Supply Chain EVP, said in a press release. “Although that future won’t happen overnight, GM is committed to driving increased usage and acceptance of electric vehicles through no-compromise solutions that meet our customers’ needs.”
The post General Motors Will Launch 20 All-Electric Cars by 2023 appeared first on Futurism.
General Motors announced today that it will introduce two new all-electric vehicles within the next 18 months, the first of at least 20 new EVs that the automaker will launch by 2023. GM also renewed its commitment to hydrogen fuel cell technology, a clean fuel concept that still needs major infrastructure upgrades before it can become a viable alternative.
At a press conference in Detroit this morning, GM’s executive vice president of global product development Mark Reuss said that the company was “committed to an all-electric future,” but cautioned that it wasn’t going to happen “by flipping a switch.”
“These aren’t just words in a war of press releases,” Reuss added. “We are far…
GM is joining other automakers declaring its intention introduce a substantial number of electric vehicles by the middle of the next decade. Today, the automaker announced it would have at least 20 electric cars on the road by 2023. During the announ…
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