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Energy consumption high for some means of payment
03/11/2021 -One cost to society that has received considerable attention recently is the energy consumption for different means of payment. It is above all the extreme use of resources for Bitcoin that has been in focus. The University of Cambridge...
Important to promote competition on the payment market
03/11/2021 -For payments to be efficient, it is important that there is sound competition between the actors offering payment services. Over the last decade, a number of fintech companies have become established on the payment market in Sweden. They use new...
3. The Riksbank's work and policy
03/11/2021 -The Riksbank is responsible for payments in Sweden being safe and efficient. To meet future needs, the Riksbank’s system for large-value payments is now being further developed. The Riksbank is taking an even greater responsibility for the...
RIX further developed to meet future needs
03/11/2021 -The Riksbank settles the banks’ and other financial institutions’ payments to one another and the aim is to do this as smoothly and efficiently as possible. It is also important for the Riksbank to offer a central payment system that can meet...
The position of cash as legal tender needs strengthening
03/11/2021 -The Riksbank considers that the position of cash as legal tender needs to be strengthened. Those who need to use cash to manage their finances should be able to continue doing so. Cash also plays an important role in times of crisis and elevated...
Parts of cash infrastructure secured
03/11/2021 -The Riksbank, politicians and other authorities share concerns that the development towards a cashless society entails problems and have therefore implemented a number of measures. In January 2021, for instance, a new act came into force that...
New Sveriges Riksbank Act clarifies the Riksbank's responsibility but does not give the necessary flexibility
03/11/2021 -Bild 3.2 New Sveriges Riksbank Act clarifies the Riksbank's responsibility but does not give the necessary flexibility The Riksbank’s current responsibility for ensuring there is access to cash in society is clarified in the proposal for a new...
The Riksbank is actively participating in the international cooperation
03/11/2021 -The development towards an increasing number of digital payments has received an extra push from the pandemic. At the same time, central banks and international organisations are addressing the fact that cross-border payments can still be...
BIS has opened an innovation hub in Stockholm
03/11/2021 -In June 2021, the BIS established an innovation centre in Stockholm in collaboration with the central banks of Denmark, Iceland, Norway and Sweden. This Nordic Innovation Centre will focus on a more in-depth analysis of technological financial...