Sweden Starts Testing World’s First Central Bank Digital Currency

“Sweden’s Riksbank said on Wednesday it had begun testing an e-krona, taking the country a step closer to the creation of the world’s first central bank digital currency (CBDC). If the e-krona eventually comes into circulation it will be used to simulate everyday banking activities, such as payments, deposits and withdrawals from a digital wallet such as a mobile phone app, the Riksbank said. “The aim of the project is to show how an e-krona could be used by the general public,” the Riksbank said in a statement.”

Sweden Starts Testing World’s First Central Bank Digital Currency
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