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14/01/2018 2 articles 4 min #136943

Sweden could be the first economy to introduce its own cryptocurrency, called the e-krona

A Swedish soccer fan paints the face of an other fan in the colours of the national flag in Cologne Reuters/Fabrizio Bensch

  • Sweden's central bank, the Riksbank, could become the first to introduce its own cryptocurrency.
  • Cash usage in the Scandinavian nation is dropping rapidly, making Sweden a prime candidate for an "official" cryptocurrency.
  • The introduction of the e-krona could come within a couple of years, although "2018 may be a little too soon," according to HSBC's James Pomeroy.