Central bank doing pure digiatl cash

As the Riksbank seeks to adapt to a society that is turning to cashless payment methods, the Swedish central bank is considering issuing a digital currency. While the bank explained a concept of an “e-krona” in a report last year, it said on Friday (October 26) that the currency should be designed to enable testing in the future, Fortune reported.“If the marginalisation of cash continues a digital krona, an e-krona, could ensure that the general public still has access to a state-guaranteed means of payment,” the Riksbank said. “Alternatively, not to act in the face of current developments and completely leave the payment market to private agents, will ultimately leave the general public entirely dependent on private payment solutions.”An experiment would include a “value-based e-krona,” which would enable traceable transactions. It would be stored in a mobile app or on a card. At the same time, the Riksbank called for proposals to legislative changes that could pave the way to providing legal standing to the e-krona.

By traceable I think they mean no double spending.  They must be talking to the crypto pros.

But this is pure, digital cash, just like the paper stuff; pass them around, your card will not double spend. The CBs have no choice, high speed robotic trading for us regular people is here to stay the central banks cannot deny us.

They make this error:

Sweden has fast become one of the most cashless societies in the world, which is seen as a potential problem for citizens without access to mobile phones or bank cards. In addition, there is worry about what would happen if the digital payments systems suddenly crashed.

The card has a watch battery, this is cash.  

 The merchant can use the company card.  The terminal cn have battery backup.  This is cash, no one is talking to the CB for verification, the two parties can verify the digital watermark, and both parties have the Smart, secure card functionality, and both parties have wireless com.