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World's Most Cashless Place Takes Next Step Toward Digital Money


World’s Most Cashless Place Takes Next Step Toward Digital Money
Bloomberg
52 mins ago
The central bank of Norway, where old-fashioned cash is now used less than anywhere else in the world, says it’s time to take the next step in exploring the introduction of a digital currency.
Norges Bank Governor Oystein Olsen, who in the past has seemed less enthusiastic about central bank digital currencies than his peers, says the case for looking into their feasibility now “has been strengthened.” The bank plans to spend the next two years building its knowledge of the area, and doing “experimental testing of technical solutions” to make sure it understands the “purpose and consequences” of introducing a CBDC, he said in a report published on Thursday. ....

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