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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”.
Bankers in Sweden are concerned about the potential effect of the proposed e-Krona project on the industry. The least cash-dependent country in the world, is, like most economies around the world, seeing a decline in the number of cash transactions. The Central Bank, Riksbank, has been considering making payment digital. Per Bolund, Swedish Financial Markets Minister announced in December 2020 that the Riksbank Finance Committee is discussing the prospect of a Central Bank Digital Currency (CBDC). The inquiry is set to end in November next year. Only after then will a decision be made.