Norwegian Bank Invests in Crypto Exchange Founded by Airline Magnate
Savings bank Sparebanken Øst has just taken a stake in NBX, a crypto exchange set up by Norwegian Air founder Bjørn Kjos.
Owned by billionaire Kjell Inge Roekke, the firm's new investment entity, Seetee, is going all in on bitcoin.
The Norway-based investment company is now known as Arcane Crypto AB and trades as "ARCANE."
The bank said the motivation for research into CBDCs remains strong as many other central banks around the world are carrying out similar experiments.
The deputy governor of the Norges Bank said there's no urgent need for the nation to launch a digital krone.
Norwegian Air would accept cryptocurrency payments via crypto exchange NBX.