Copy link
Increase text size
Decrease text size
Link copied

Central Bank of Sweden enters next phase of its CBDC e-krona pilot

The bank has invited two participants from the country’s financial sectors, which signals the transition from in-house testing to cooperation with external partners.

Sveriges Riksbank / Image by: Wikimedia Commons

Mon, 31 May 2021, 11:11 am UTC

The Sveriges Riksbank, Sweden’s central bank, is moving ahead with the next phase of its central bank digital currency (CBDC) project called the e-krona. This time, the bank has invited two participants from the country’s financial sectors, which signals the transition from in-house testing to cooperation with external partners.

The central bank has partnered with one of Sweden’s major banking institutions, Handelsbanken, and the digital services and software firm Tietoevry during the new phase of its CBDC project, according to Bitcoin.com. The main goal for this phase of the pilot is to trial e-krona with the participation of real market entities.

During the next phase of the e-krona pilot, the Riksbank will test the technical solution for the e-krona together with Handelsbanken and TietoEVRY,” the Sveriges Riksbank said in an announcement. “The e-krona pilot is therefore moving on from only having simulated participants to cooperation with external participants in the test environment.”

With the involvement of Tietoevry and Handelsbanken, the testing will focus on the integration of e-krona’s platform and the two entities’ existing systems. “Involving external actors as participants in the test environment will make it possible for the Riksbank to evaluate the integration between the participants’ existing systems and the technical platform for the e-krona pilot,” the central bank added. “The Riksbank will, for instance, be testing an integration of the payment flows developed during the first year of the pilot with the participants’ internal systems.”

With its expertise in software, Tietoevry will develop and test the process of interchangeability of fiat and the DBDC. “Tietoevry will develop and test the process of interchangeability between commercial money and e-kronor and analyse how this can be carried out securely and efficiently,” the company said in a separate announcement.

The Riksbank’s e-krona project started in 2017. The central bank’s team held consultations with several national and international agents to hear their inputs for the CBDC, before proceeding with the more technical phase, the e-krona pilot, in 2020.

TokenPost | [email protected]

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (btc) $34,435.00 (-4.60%)
  • Ethereum (eth) $2,114.67 (-5.84%)
  • Tether (usdt) $0.998849 (-0.45%)
  • Binance Coin (bnb) $324.28 (-4.88%)
  • Cardano (ada) $1.38 (-3.26%)
  • Bitcoin (btc) $34,435.00 (-4.60%)
Jun 20, 2021 (Sunday)
14:11
BTC Surges by 1.01% Within 5 Mins, Marking 34,167.36 USDT
12:09
BTC Drops by 1.42% Within 5 Mins, Marking 33,515.6 USDT
09:53
BTC Drops by 1.13% Within 5 Mins, Marking 34,888.01 USDT
02:30
Crypto Market Sentiment On Jun 20: Market In "Extreme Fear"
02:00
BTC Tops List Of Crypto Net Outflow With $179.62 Mln In Past 10 Hours
00:07
BTC Drops by 1.16% Within 5 Mins, Marking 35,251.78 USDT
Jun 19, 2021 (Saturday)
19:23
BTC Surges by 1.05% Within 5 Mins, Marking 35,960.19 USDT
04:30
BTC Surges by 1.04% Within 5 Mins, Marking 35,392.4 USDT
03:31
BTC Drops by 1.06% Within 5 Mins, Marking 34,968.6 USDT
Jun 18, 2021 (Friday)
16:01
BTC Surges by 1.18% Within 5 Mins, Marking 36,474.01 USDT
06:51
CRYPTOBANK’s CBANK Token To Be Listed On Hoo.com
02:30
Crypto Market Sentiment On Jun 18: Market In "Extreme Fear"
02:00
BTC Tops List Of Crypto Net Outflow With $553.46 Mln In Past 10 Hours
Jun 17, 2021 (Thursday)
20:12
BTC Surges by 1.05% Within 5 Mins, Marking 37,733.19 USDT
17:21
BTC Drops by 1.16% Within 5 Mins, Marking 37,834.09 USDT
09:41
TriumphX Publishes NFT In Partnership With Artist HANJUNGSUN
02:30
Crypto Market Sentiment On Jun 17: Market In "Fear"
02:00
BTC Tops List Of Crypto Net Inflow With $233.17 Mln In Past 10 Hours
Jun 16, 2021 (Wednesday)
20:15
BTC Surges by 1.05% Within 5 Mins, Marking 38,856.33 USDT
18:01
BTC Drops by 1.21% Within 5 Mins, Marking 38,668.43 USDT
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft