Sweden’s central bank said on Friday it would sign a deal with consultancy firm Accenture to create a pilot platform for a digital currency, known as the e-krona.
“The primary objective of the e-krona pilot project is to broaden the bank’s understanding of the technological possibilities for the e-krona,” the Riksbank said in a statement.
Cash use has declined rapidly in Sweden in recent years and the Riksbank has been looking at whether it should issue a digital currency as part of its role to promote a safe and efficient payment system.
Copyright © 2023 iCryptome.com
See more:
- OpiPets: The Rise of Blockchain in Formula 1
- China says new digital currency will be like Facebook’s Libra
- Bitcoin Price Stuck Between Converging Moving Averages Until Mid-Year
- Ripple Price Analysis: XRP’s Recovery Could Face Major Hurdles
- Bitcoin Lightning Network Continues To Thrive Amid Crypto Downturn
