It seems that not a day goes by without another central bank jumping on the crypto train. Yesterday it was South Korea, today it is Sweden as plans to roll out the crypto krona gather pace.
e-Krona Pilot Partnership
Sweden’s central bank is poised to sign a deal with multinational professional services company Accenture to begin pilot testing its CBDC, the e-krona. According to reports the partnership is for an initial year-long run to the end of 2020.
A Riksbank statement added that;
“The primary objective of the e-krona pilot project is to broaden the bank’s understanding of the technological possibilities for the e-krona,”
Cash usage has already started to decline in the Scandinavian country which spurred the central bank to begin researching a digital option in 2017.
The Accenture partnership will involve the development…