Yes, it is the single most popular vector for scammers to fleece old people. Great! Add to that, that your identity is controlled by banks, not the government, and that banks can terminate you without any due process, and complaining can take weeks if not months, and there is no guaranteed positive outcome.
No thank you, I'll take no ID over ID any day, and at worst, a physical plastic card over a bullsh*t digital solution that is used to lock you out off society.
Sweden is really the worst possible approach, is authoritarian, and hands over the power to the banks controlling the digital ID system.
Banks and fintechs turned really brazen with triggering invasive AML/KYC requests without any legal basis, even more invasive than tax offices. Nonchalantly freezing and locking funds and accounts. They oftentimes require the latest version of smartphone app working only on recent smartphones. I don't want my digital identity to depend on them.
No thank you, I'll take no ID over ID any day, and at worst, a physical plastic card over a bullsh*t digital solution that is used to lock you out off society.
Sweden is really the worst possible approach, is authoritarian, and hands over the power to the banks controlling the digital ID system.