Riksbank, the central bank of Sweden, has turned to Accenture to trial its digital currency e-krona.
A technical platform with a user interface will be developed in the first year of the trial. This will be used to test e-krona payments through mobile phone, card, and watch.
The initial phase of the project will run to 31 December 2020.
The initiative could also be extended for a further six years if the central bank intends to test new functions. However, Riksbank stressed that it has not taken a final decision on the issuance of the digital currency.
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