Sweden’s eKrona Initiative Doesn’t Have Many Takers
Sweden's plans to introduce eKrona may get delayed as more than 90 percent of the population is not ready for it. Sweden’s intention to introduce an electronic version of its legal tender (eKrona) is not quite popular among its citizens. A recent survey conducted by the Swedish company, SIFO shows that at least 50 percent of the population is against the country’s central bank introducing electronic currency to complement cash. The decision to introduce eKrona was announced last month by the deputy governor of Riksbank — the Central Bank of Sweden. According to earlier reports, the falling....
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Bitcoin is king in 2017, but Sweden’s unpopular plan to create its pioneering digital currency ‘eKrona’ shows public understanding still has a long way to go. Two-Thirds Know Bitcoin, 10% Want eKrona. Central Bank plans in November last year to launch the so-called eKrona in the country would have made Sweden the world’s first country to launch a national digital currency. When the public was asked about it, however, their response was far from enthusiastic. An official survey in December by research firm Sifo found less than 10% of people supported having eKrona available in addition to....
Sweden’s central bank is reportedly considering the issuance of its own digital currency, ekrona, in an effort to address the significant decline of the use of cash in the country. First revealed in a Financial Times report, Sweden’s Riksbank could introduce and issue its own digital currency before the turn of the decade. As the report reveals, Sweden has seen a rapid decline of the use of physical cash – both coins and notes – in recent times. Circulation has dropped by 40% since 2009, leaving Riksbank little choice but to come up with an alternative solution. A large number of Swedes....
The bitcoin market looks to be shrugging off increased selling pressure from profit takers after prices surged this week.
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Visa’s new blockchain interoperability project is designed to serve as a “network of blockchain networks.” Global payments giant Visa has introduced a project that aims to be a “universal adapter” of blockchains that can connect multiple cryptocurrencies, stablecoins as well as central bank digital currencies (CBDC).According to an official announcement on Thursday, Visa’s research team is working on a “Universal Payment Channel” (UPC) initiative, a blockchain interoperability hub connecting multiple blockchain networks and enabling transfers of digital assets from different protocols and....