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E-krona could boost competition and safety, say Swedish retailers

Riksbank analyses consumers' and retail traders' payment preferences

mobile-payments

An e-krona could contribute to greater safety and competition in Sweden’s payments market, reported most retail traders in a research work released by Sveriges Riksbank today (October 23).

The exercise analyses consumers’ and retailers’ payment preferences and takes place within the wider central bank’s work on a e-krona, a central bank digital currency (CBDC).

The Riksbank found that both groups are broadly satisfied with the current environment. Nonetheless, consumers yearn for a service

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