Now There Are Plans for ‘e-Krona’ in Cash-Shy Sweden

Sweden’s central bank will next year seek to start a pilot project to develop an electronic currency as the Nordic nation grapples with how to secure payment systems in a future without cash.

The aim will be “to develop a tested and ready e-krona” that could be introduced should the bank “wish to do so,” it said in a second report of its electronic currency review. “The initial focus will be on an e-krona that constitutes a prepaid value (electronic money) without interest and with traceable transactions.”