Why? that's 14,400,000,000,000 satoshis !
Sweden is proving to be the nation that is most hostile to physical currency. Many people view it as a public hazard because of the motivation to rob people. Sweden has the fewest ATM machines per person of any developed country, bank tellers are not allowed to deal in cash transactions at all (keeps insurance down if there are no money drawers), and churches have card readers as an option to make an offering.
As a member of the European Union that does not use the Euro, their currency is only useful inside the tiny nation of 9.5 million. Their banknotes in circulation are worth US$12 billion and the government is actively reducing the quantity of their largest banknote. The 1000SEK=US$150 is reduced to one banknote per capita in circulation. The 500SEK is now the common note in that country (but even that is circulating at only 12 banknotes per capita).
Although they are scheduled to create and print a new banknote in a few years, they may make the leap to go to an all electronic currency. No doubt they will look to Bitcoin for guidance on how to handle transactions and security.
T
hey may not find it shocking to keep some bitcoins as part of their foreign reserves. The fact that one nation adopts this kind of currency will also help with the legitimacy of Bitcoin.
