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Sweden working on e-krona project as central banks consider digital currencies Central banks are looking at launching such currencies in response to a decline in the use of cash and to speed up payments 06 April 2021 - 13:44 Colm Fulton Swedish krona. Picture: 123RF/JANUSZ PIEŃKOWSKI Stockholm Sweden’s central bank will bring in banks in the coming year to test how its proposed digital currency the e-krona could handle commercial and retail payments in the real world, it said on Tuesday. Central banks around the world are looking at launching central bank digital currencies (CBDCs) in response to a decline in the use of the cash they print and as a way of speeding up domestic and international payments. ....
(Shutterstock) Digital Central Bank Money: Long Time in Coming Digital currencies from central banks are only at the beginning of their development. But they are coming, despite numerous risks: That is the tenor at the Crypto Finance Conference in St. Moritz. With one representative each from the Swiss National Bank (SNB) and the Swedish Riksbank, the different approaches to digital central bank currencies (CBDC) were well represented at the Crypto Finance Conference St. Moritz 2021. The SNB is working on a solution that will be reserved for the financial market, while colleagues in Sweden are developing their e-krona for the general public. ....