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

“Sweden’s economy has one of the lowest cash usage rates of anywhere in the world, with cash use often actively discouraged by shops and other businesses” writes Will Martin for The Riksbank has presented two possible ways that the e-krona could work, one based on value and another on a register-based system.The chart below shows just how rapidly cash use in Sweden is dwindling: As such, it makes sense that the Riksbank is at the forefront of discussions of what a central bank issued cryptocurrency could look like.

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