Sweden Is Testing Its New Central Bank Digital Currency
Cointelegraph
Published Feb 20, 2020 11:22AM ET
Updated Feb 20, 2020 01:02PM ET
Sweden Is Testing Its New Central Bank Digital Currency
The country of Sweden has begun testing an e-krona, bringing it that much closer to the proper release of a central bank digital currency (CBDC). The pilot program will be in operation for one year, until February 2021.
If and when the e-krona formally launches for use by the public, the idea is that this blockchain-powered currency would drive conventional payments and banking activities throughout the country. Instead of swiping a credit card or spending fiat currency, everyday transacting can move to the blockchain.
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Written By: Cointelegraph
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