In Sweden, central bank Deputy Governor Aino Bunge emphasized the necessity of legislation to safeguard the role of cash, which has been on a decline in the Nordic nation. Bunge, from the Riksbank, highlighted the benefits of digitalization in speeding up and enhancing payment methods. However, she also stressed the continued importance of cash for universal access to payments and as a backup during crises or wartime. Notably, Sweden has experienced a swifter shift towards digital payments compared to many other nations.