Ekrona and Sweden's Riksbank's Mix of Coercion and CryptoCurrency Remaking Central Banking Preserving Inflation Due to Centrally Planned Targets?
So yesterday discussed Switzerland's cognition on possibly creating a crypto currency and having it be backed by coercion.
I googled about some of these nouns and the following links seemed interesting so I will discuss what I saw for a few sentances and then end this edition.
The first report asserts that in 2017 there were about 275,000 daily bitcoin transactions on the planet, while 8-9 million daily credit card transactions in Sweden.
The second report starts by asserting mixing government coercion with digital cash could help with the decrease of cash. It sounds like there is already some RIX digital payments system already existing.
The second report asserts by 2010 cash payments in the retail sector 40% and by 2016 15% and 2/3 of consumers in a survey asserted can "do without cash"
Sources
https://www.riksbank.se/en-gb/financial-stability/the-financial-system/payments/virtual-currencies/
(date not listed it seems so unsure whats going on)
https://www.riksbank.se/en-gb/financial-stability/the-financial-system/payments/does-sweden-need-an-e-krona/the-e-krona-projects-first-interim-report/
This document looks pretty cool as well which may check out with more time and interest. The report seems to date back to Sept 2017.
http://archive.riksbank.se/Documents/Rapporter/E-krona/2017/rapport_ekrona_170920_eng.pdf
Also interestingly coin market cap has some ekrona chart but it seems like it may go back many years so not sure if it is related, I dont think it is.
https://coinmarketcap.com/currencies/ekrona/
I checked out Coinmarketcap as well and it dates all the way back to March 2014. I doubt they are related. Or maybe they are but nothing was done thus far. I see the market cap is only $518, with 5,512,840 KRN circulating supply. I am particularly interested to see how this is gonna pan out. And if these are two different projects then I suppose they'll have to change their coin ticker.
yea not sure about it, perhaps if different the later should use different name
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yea it;s an interesting ecosystem here