Libra Shows Central Banks’ Failure on Cross-Border Payments: Riksbank
A senior economist at Sweden's Riksbank says central banks need to "keep up" with cryptocurrency advancements like Libra and XRP.
Sweden's Riksbank has looked into the viability of central bank digital currencies for its local market.
Sweden’s Riksbank says its digital currency researchers are the best in central banking.
Riksbank Governor Stevan Ingves sees a Swedish digital currency as an imperative for the central bank.
Riksbank's e-krona pilot will run on distributed ledger tech, but the entire project will be operated as only a simulation through at least 2021.
Sweden has picked Accenture to handle its e-krona digital currency pilot.