Share this article
Sweden Casts Around for Potential E-Krona Suppliers
The country's central bank says it wants to understand the technical options before taking a decision on issuing a CBDC.
Updated May 11, 2023, 5:07 p.m. Published Apr 7, 2022, 4:00 p.m.
Make us preferred on Google
Sweden's central bank Thursday asked potential suppliers for a new digital krona to set out their stalls.
The Sveriges Riksbank published a request for information seeking information about what's available and how the architecture might work ahead of a potential decision on issuing its currency in digital form.
STORY CONTINUES BELOW
Pilot trials carried out by the Swedish authorities have used distributed ledger technology, similar to that underpinning bitcoin . In a report Wednesday the Riksbank said it wanted to explore issues like smart payments, for example, enabling transactions to be made as soon as a contract is fulfilled.
The central bank said it wants to "gain a concrete understanding of possible suppliers and technical options" that could underpin a central bank digital currency (CBDC) to be used within five or six years. It also wants to check limitations of different solutions and how they fit with the rest of the market.
The tender is open until May 13, after which a small number will be invited in to demonstrate their ideas, the central bank said.
Sweden, which is a member of the European Union, is not a member of the euro currency area.
Read more: Sweden Wants to Test E-Krona Viability for Smart Payments
More For You
Pudgy Penguins is building a multi-vertical consumer IP platform — combining phygital products, games, NFTs and PENGU to monetize culture at scale.
What to know:
Pudgy Penguins is emerging as one of the strongest NFT-native brands of this cycle, shifting from speculative “digital luxury goods” into a multi-vertical consumer IP platform. Its strategy is to acquire users through mainstream channels first; toys, retail partnerships and viral media, then onboard them into Web3 through games, NFTs and the PENGU token.
The ecosystem now spans phygital products (> $13M retail sales and >1M units sold), games and experiences (Pudgy Party surpassed 500k downloads in two weeks), and a widely distributed token (airdropped to 6M+ wallets). While the market is currently pricing Pudgy at a premium relative to traditional IP peers, sustained success depends on execution across retail expansion, gaming adoption and deeper token utility.
More For You
Crypto faces fork in the road as Clarity Act support wavers, Bitwise says
The asset manager argued that without federal legislation, the industry has three years to become indispensable before political winds potentially shift.
What to know:
- Bitwise said in a blog post Monday that Polymarket odds for the Clarity Act have fallen from 80% to 50% following industry pushback.
- If the bill fails, Bitwise believes crypto must achieve mass adoption in stablecoins and tokenization to force a regulatory hand.
- The firm anticipates a sharp rally upon the bill's passage, while a failure would likely lead to a "slower ascent" tied to proven utility.
Top Stories
