E Krona

E-Krona or Bust, Says Sweden’s Chief Central Banker


“From a purely technical point of view, we can see nothing at this point in time that would prevent an e-krona solution built around a central register,” Riksbank wrote in that first e-krona project report. “RIX, the Riksbank’s system for the transfer of funds in accounts, is, for example, built around a central register. An e-krona could in principle be constructed in a similar way.”

Using a configurable ledger now but modeling a central bank hierarchical system.  But it is not bearer cash:

In the simulated system, the Riksbank’s node will issue e-krona to participant nodes, banks. The banks will then distribute digital cash to end-users: consumers and merchants. Users will then hold the e-krona in digital wallets – on smartphones, wearable tech, cards – that make “peer-to-peer payments as easily as sending a text,” according to the most recent report.

They are not going full smart card, yet. They want to get simple part going first.   We got slow bankers.