Sweden central bank partners with local bank for CBDC trial
Handelsbanken, considered to be one of the oldest and largest banks in Sweden, has emerged as the first participant in the central bank digital currency trial spearheaded by Riksbank.
Latest Riksbank News
Sweden’s central bank predicts a CBDC in five years
The governor of Sweden’s central bank has issued a five-year time frame within which he expects the country to have a central bank digital currency.
Sweden central bank concludes first phase digital currency trials
The main obstacle encountered during the trial was scalability, which it identified as a potential bottleneck to adoption, according to Riksbank.
Sweden extends central bank digital currency trial for another year
A trial of Sweden’s e-krona will be extended for another year to 2021, in a bid to better understand the benefits and implications of a wider roll-out.
Sweden launches review on possible switch to e-krona
The review will reportedly take two years, with the results expected to dictate the way forward for the European nation.
Swedish central bank wants to host digital currency innovation hub
The Riksbank hopes to secure funding for a period of five years should its application to host the hub be successful.
The Swedes are giving up on cash, moving to crypto
While some individuals still don’t understand the role cryptocurrency has in a global economy, there are more and more signs showing how crypto is gaining a larger market share.
Mastercard could allow cryptocurrency transactions—in a way
One of the world’s largest credit card institutions has finally come out in support of the money of the future, but with a huge catch.