The Riksbank is procuring suppliers to develop proposals for an e-krona
News The Riksbank has started the work of developing solutions for a possible future e-krona and is now procuring a supplier for support in this work. The intention is for the Riksbank, in collaboration with the supplier, to work out proposals for how an e-krona could work. The objective is to broaden the bank’s understanding of the technological possibilities for the e-krona.
The procurement process will run over the summer and autumn of 2019, after which development work will start together with the procured supplier. In 2020, a technical platform for e-krona payments, as well as a small number of different forms of means of payment for the e-krona, will be developed and tested. After this, the Riksbank will decide on whether the agreement will be extended and whether more use cases and functionalities will be developed.
The procurement is regulated by Protective Security, which refers to the protection of information and activities of importance to Sweden’s national security and means that a general security agreement must be signed with the supplier and any sub-contractors.
The use of banknotes and coins is declining in society. At the same time, technological advances with regard to electronic money and payment methods are proceeding rapidly. The Riksbank is therefore investigating whether Swedish kronor need to be made available in electronic form, the so-called e-krona. No decisions have yet been taken on issuing an e-krona.