On Friday Sweden’s central bank Riksbank
announced that Accenture would be its technology partner for an e-krona pilot project, a retail central bank digital currency (CBDC).
Riksbank made clear that the project was a test and no decision has been made about launching an e-krona. The trials will include payments via mobile phones, cards and watches, plus it will involve payment service providers, stores and the Swedish payment system.
The initiative is likely to involve multiple iterations, and the first phase will run to 31 December 2020. But the bank said it could extend the effort for an additional six years.
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