bankers

A brand new technique to pay is inflicting existential angst amongst Swedish bankers who fear that the e-krona, an digital equal of Sweden’s foreign money, may value them their deposit base. Sweden launched a evaluation into the e-krona’s feasibility in December after a pilot programme on the central financial institution, making the Nordic nation a litmus take a look at for digital currencies. The Riksbank needs making funds in e-krona to be “as simple as sending a textual content”, however bankers in Stockholm say this may seriously change the dynamic of the banking system.