• Home
  • Login
  • Register
Currency Insider
  • Home
  • Reading Library
  • CBDC Think Tank
SUBSCRIBE
No Result
View All Result
Currency Insider
  • Home
  • Reading Library
  • CBDC Think Tank
Currency Insider
No Result
View All Result

Sweden Starts Trials For National Digital Currency

by CBDC Insider
December 14, 2020
in Business, Europe
Reading Time: 1min read
0
Sweden Starts Trials For National Digital Currency
Share on FacebookShare on Twitter

Sweden, one among the most cashless society is moving closer to launching its own sovereign national digital currency. The Swedish government is starting feasibility trials in the form of a review which was launched on Friday as reported Bloomberg. The trials will be lead by Anna Kinberg Batra, a former chairwoman of the Riksbank’s finance committee which is expected to commence by November 2022.

A recent survey by The Riksbank conducted back in October revealed that the ongoing pandemic has reduced the use of cash in Sweden further, where less than 10% of all the payment settlements are done in cash.

Sweden is already conducting pilot programs for its digital currency in association with Accenture PLC to introduce e-krona based on Proof-of-work blockchain. The feasibility trials would give a clear picture to the government on whether the country is ready to use the electronic krona or not.

RELATED STORIES

China’s Jiangsu Province to Expand Digital Yuan Adoption in Education Sector

China’s Jiangsu Province to Expand Digital Yuan Adoption in Education Sector

May 15, 2023
Reltime Unveils Revolutionary Wrapped FIAT and CBDC Service Set to Transform Global Financial Landscape

Reltime Unveils Revolutionary Wrapped FIAT and CBDC Service Set to Transform Global Financial Landscape

May 15, 2023

Read more: https://coinmarketcap.com/de/headlines/news/sweden-starts-trials-for-national-digital-currency/

Previous Post

Chinese Internet Giants To Help In Suzhou CBDC Testing

Next Post

CBDC: Sweden Considering an e-Krona

Next Post
CBDC: Sweden Considering an e-Krona

CBDC: Sweden Considering an e-Krona

© 2022 CBDC Insider

No Result
View All Result
  • Home
  • Map
  • Reading Library
  • CBDC Think Tank
  • Partners
    • DEA
  • Login
  • Register