Central Banking

Riksbank brief: Virtual currencies 'essentially positive'

Digital money can make payments 'cheaper and more secure'

Photo by David Lundberg

Virtual currencies are "essentially positive", as they can contribute to meeting new payment needs and making payments "cheaper and more secure," according to a piece of 'economic commentary' published by Sveriges Riksbank.

In Have virtual currencies affected the retail payments market? Björn Segendorf, who works in the bank's financial stability department, argues that virtual currencies such as Bitcoin can "make some cross-border payments simpler, faster and cheaper" and that those who use

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