Cryptocurrency News

Sweden leads in e-krona CBDC trials

Is sweden Take many steps Towards its own central bank digital currency, or CBDC, called e-krona. The country’s central bank, Sveriges Riksbank, now wants to experiment with the property using a non-simulated party.

As reported by Reuters, Riksbank Detailed Through a statement on Friday: “The e-krona pilot is therefore only moving from simulated participants to collaborating with external participants in the test environment.” The experiment would involve a partnership between Riksbank and Handelsbanken, a retail bank chain based in Sweden.

In January, Rixbank explained in detail that its e-krona Proof-of-concept Corda, a distributed laser technology, or DLT, uses solutions from R3. Sweden on Cbdc path for over a year. April brought the news that the country had Initial part finished finished Of its CBDC pilot.

Rixbank’s statement, as reported by Reuters, also includes Handelsbanken: “For Handelsbanken, the project means the opportunity to participate in funds released by the first digital central bank in the world available to the public.”

The CBDC was a hot topic in 2020, with countries continuing their search in 2021. China at large Led the charge In the context of CBDC’s ambition, although the Bahamas fell onto the scene for the final time First CBDC Launch, Its currency is called sand dollar. More recently, the central bank of the United States, Federal Reserve Governor Lyle Brainard, Expressed the importance of CBDC In terms of the country’s position as the world’s reserve currency.