Swedish Central Bank taps Accenture for e-krona Pilot

Swedish Central Bank taps Accenture for e-krona Pilot
17.12.2019 05:16 am

Swedish Central Bank taps Accenture for e-krona Pilot

Cryptocurrencies

Sweden's central bank is set to sign a deal with Accenture to develop a digital currency, dubbed the e-krona, in a test environment.

With cash usage dwindling in Sweden, the Riksbank started a project in the spring of 2017 to examine the scope for the creation of a central bank digital currency (CBDC) that could ensure that the general public will still have access to a state-guaranteed means of payment.

The bank now says it is ready to sign on with Accenture on a year-long pilot project that will see the development of a technical platform with a user interface that enables e-krona payments from cards, mobile phones and wearables.

The partnership is for an initial run to 31 December 2020 but could last for seven years if the Riksbank decides to go further with the plan and pilot new functions. The bank stresses it has not yet decided whether it will actually issue the e-krona.

Related News

Samsung integrates blockchain wallet with Gemini exchange

Samsung is integrating its blockchain wallet with the Winklevoss twins' Gemini app for buying and selling cryptocurrencies.

The Samsung... Read more »

Lockdown alters crypto trading habits - Revolut data

Today Revolut, the Financial Super App with over 10 million customers in the U.K and Europe, reveals figures outlining how the cryptocurrency market has... Read more »

CoinDCX announces US$2.5 million strategic investment from Polychain Capital and Coinbase Ventures

CoinDCX, India’s largest and safest cryptocurrency exchange, has announced that... Read more »

Zumo Rolls out Payment and Exchange Cryptocurrency App for Mass Market

Zumo, an Edinburgh-based mobile wallet and payments start-up backed by Coldplay bassist Guy Berryman, has launched an app that stores, sends and allows consumers to spend and... Read more »

Mode launches new banking capabilities, powered by Modulr

Mode Banking​, the London-based FinTech backed by the co-founder of Twitter Biz Stone, is rolling out new banking capabilities including individual sort code and account... Read more »

CoinDCX partners with BitGo to secure Indian crypto trader funds

CoinDCX, India’s largest and safest cryptocurrency exchange and liquidity aggregator, announces B itGo, the leader in digital... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel