Retail payments in Sweden are now almost entirely cashless. Without a central bank digital currency (CBDC) Sweden’s entire payments market would be reliant on the private financial sector. Cecilia Skingsley, Deputy Governor of the Central Bank of Sweden, has authored an article as part of the World Economic Forum’s Annual Meeting of the Global Future Councils. The piece describes the financial issues issue faced by Sweden. A Historical Change In Sweden today, cash in circulationRead MoreThe post Without a Digital Currency, Sweden Faces the Privatization of Money appeared first on Bitcoinist.com.
