December 13, 2019 / 2:23 PM / a month ago

Sweden's central bank says to launch digital currency pilot project

STOCKHOLM, Dec 13 (Reuters) - Sweden’s central bank said on Friday it would sign a deal with consultancy firm Accenture to create a pilot platform for a digital currency, known as the e-krona.

“The primary objective of the e-krona pilot project is to broaden the bank’s understanding of the technological possibilities for the e-krona,” the Riksbank said in a statement.

Cash use has declined rapidly in Sweden in recent years and the Riksbank has been looking at whether it should issue a digital currency as part of its role to promote a safe and efficient payment system.

Reporting by Simon Johnson; Editing by Catherine Evans

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