E-heads will be able to be loaded on the card

"E-heads will be able to be loaded on the card"

"the Riksbank now presents his idea for a possible future e-crown can look like. The idea is that the digital currency should be able to be loaded on, for example, a card or in an app. But the precise technical solution remains to sort out."

"the Riksbank is considering that, as the first central bank to introduce an electronic version of the country's currency – called the e-heads."

"the Background is that the share of cash payments in trade decreased sharply, from 40 per cent in 2010 to 15 per cent by 2016. If the trend continues, we risk a society where it is no longer possible to pay with cash. At the same time operated the electronic money and means of payment, which today is entirely in private hands, and by a few actors, which, according to the Riksbank can make the community vulnerable."

"In a recent interim report described how an e-heads would be able to function."

"– It should be widely available to the public, and we want it to be available around the clock and throughout the year. E-the crown may be on the account, but we also want to have a values-based e-crown – where you can think a card or an app that stores a value on, " says Eva Julin, project manager for e-crown at the Riksbank."

"The most important is that it represents a direct claim on the Riksbank."

"– There is zero credit risk, so is the similar to cash, " said Eva Julin."

"the Question is whether this will be wide among the general public."

"– Initially, it is not at all certain that this is going to be used in very large extent, but it is an offer. We see that there is a digital complement to the cash, " said Eva Julin."

"How e-crown to be practical is not clear and the Riksbank are now inviting technology companies to come up with solutions."

" We don't think we've thought of everything. Therefore, we go out and ask other groups: you Have good ideas, have we forgotten something?"

"No decision is yet taken to introduce an e-crown. It can be made at the earliest in december 2018."

"– After that it takes a very long time before you can see any e-crown in his hand, so to speak. It needed an implementation phase, you need to build the system, you need to test. So this takes a long time to achieve, " says Eva Julin."

"Here's how it describes the Riksbank possible characteristics of a possible e-crown:"