Sweden’s central bank to test use of retail CBDC for instant payments
Thu, Sep 29, 2022 3:00 PM

Sweden’s central bank to test use of retail CBDC for instant payments

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The Swedish central bank, is working with its counterparts in Israel and Norway, as well as the Bank for International Settlements. Through this collaboration, the bank will test instant payments using retail cross-border central bank digital currency (CBDC). With a final report expected in the first quarter of 2023, the "Project Icebreaker" project will operate through the end of the year.

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