Sweden plans cashless future with e-krona

Sweden is planning to develop a new electronic currency, the e-krona, as cash becomes increasingly marginalised in the country.

In 2017, the Swedish central bank, the Riksbank, started a project to examine the possibility of creating a central bank digital currency.
The Riksbank has now issued a new report on its e-krona project, in which it says that, as cash is on the decline in Sweden, a digital currency could ensure that the public still has access to a state-guaranteed means of payment.

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