Sveriges Riksbank(or simply the Riksbank), the central bank of Sweden, had begun testing its digital version of currency, e-krona. If this year-long pilot project successful, this would lead to the creation of world’s 1st central bank digital currency (CBDC). The pilot project, will be in operation for one year, until February 2021, will use distributed ledger technology inspired by the block chains that operates crypto currencies. The digital currency e-krona will be used to simulate day-to-day banking functions like payments from a digital wallet such as a mobile phone application. About SverigesRiksbank: Headquarters– Stockholm, Sweden Established– 1668
