Riksbank outlines three visions of ‘e-krona’

SKr1,000 banknotes
The Riksbank envisions the transition to a cashless society will not be smooth

In its first comprehensive report on the e-krona project, Sveriges Riksbank says that the direction in which payment systems have been evolving could pose a problem for central banks. This is especially true in Sweden, where cash is becoming even less used.

“The Riksbank has the statutory tasks of promoting a safe and efficient payment system … The possibility to complete these tasks may deteriorate if developments on the payment market continue,” the central bank says.

According to the report

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