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e-krona

Proof of concept

Sweden

Central Bank(s)

Sveriges Riksbank

Announcement Year

2017

Status

Proof of concept

Retail/Wholesale

Retail

Structure

Account/Token

Technology Provider

R3 Corda

DLT / non-DLT

DLT

Main motivation/goals of the CBDC

The Riksbank considers that the e-krona could also strengthen the resilience of the payment market. It would complement the supply of money and payment services from the private sector. The e-krona could ensure the preserverance of several functions of cash in a future where cash is no longer used.

Description

Sweden is one of the lowest cash-usage countries in the world, which has allowed the country to more easily develop the e-Krona. The Swedish Riksbank is running a digital currency pilot from February 2020 to February 2021.

Link to announcement

Link to whitepaper

Timeline

Last update: November 2024

November 2024

Updated data

Link to announcement: www.riksbank.se

March 2024

Updated data

Link to announcement: www.riksbank.se

October 2023

Updated data

Link to announcement: www.riksbank.se

August 2023

Updated data

Link to announcement: www.riksbank.se

April 2023

Added data

Link to whitepaper: www.riksbank.se

Updated data

Link to announcement: www.riksbank.se

March 2023

Updated data

Link to announcement: betalningsutredningen.se

January 2023

Updated data

Link to announcement: www.riksbank.se

December 2022

Updated data

Main motivation/goals of the CBDC: The main goal of the e-krona is to counteract the declining use of cash and increase financial stability. The Riksbank considers that the e-krona could also strengthen the resilience of the payment market. It would complement the supply of money and payment services from the private sector. The e-krona could ensure the preserverance of several functions of cash in a future where cash is no longer used.

Link to announcement: www.riksbank.se

February 2020

Status updated

Research Proof of concept

Added data

Description: Sweden is one of the lowest cash-usage countries in the world, which has allowed the country to more easily develop the e-Krona. The Swedish Riksbank is running a digital currency pilot from February 2020 to February 2021.

Main motivation/goals of the CBDC: The main goal of the e-krona is to counteract the declining use of cash and increase financial stability.

Link to announcement: www.riksbank.sewww.centralbanking.com

September 2017

Status updated

None Research

Added data

Announcement Year: 2017

Retail/Wholesale: Retail

Structure: Account/Token

Technology Provider: R3 Corda

DLT / non-DLT: DLT

Country / Region: Sweden

Central Bank(s): Sveriges Riksbank

News

No recent news found for this currency.