
Swedish Central Bank Proposes Collaborative Model for e-Krona Retail Payments
Riksbank proposed the use of e-Krona for retail payments under different conditions while evaluating factors such as transparency, privacy, and governance.
Riksbank proposed the use of e-Krona for retail payments under different conditions while evaluating factors such as transparency, privacy, and governance.
The potential launch of a CBDC following the developmental work being carried out by the Riksbank may not be feasible under current banking laws.
Many of the banks looking to implement CBDC projects are doing so with the hope that a digital asset will complement their physical fiat currency.
It is said that for the average person in Sweden the introduction of the e-Krona would make payments “as easy as sending a text”.
The Nordics is a region that is trying to form a crypto-friendly society, therefore crypto and blockchain are being used there in a great variety of spheres. The government is not an exception.
During the next year, the Riksbank will employ Accenture experts to develop state-owned cryptocurrency called e-krona.
Sweden’s Riksbank has warned people to stay cautious while some fraudsters are trying to sell e-kronas that do not currently exist.