• World's oldest central bank, Central Bank of Sweden is taking step to launch a national digital currency e-krona on November 19, 2016 to solve the problem of a dramatic drop in the domestic use of cash.
• The amount of notes and coins in circulation has fallen by 40% since 2009, with a rise in online shopping and card payments.
• The digital currency may be introduced within two years. Sweden become the first major country to
give consumers direct access to virtual money issued by a Central bank.
• While, banks are currently given access to electronic money by the Central bank, if Sweden does choose to introduce the 'ekrona', it would be the first time a major country in the world has given consumers direct access to virtual money issued by a.Central bank.
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• The amount of notes and coins in circulation has fallen by 40% since 2009, with a rise in online shopping and card payments.
• The digital currency may be introduced within two years. Sweden become the first major country to
give consumers direct access to virtual money issued by a Central bank.
• While, banks are currently given access to electronic money by the Central bank, if Sweden does choose to introduce the 'ekrona', it would be the first time a major country in the world has given consumers direct access to virtual money issued by a.Central bank.
subscribe now ubi online banking registration
