Exploring the Innovative Potential of the E-Krona

The Riksbank has issued its phase 3 report on its work to understand how an e-krona might work ¹.

This phase investigated how the Riksbank could collaborate with existing payment service providers (PSPs) to allow access to the e-krona based on the existing collaborative approaches. The work looked at the design of participation conditions, management organisation, regulatory framework (including brand management, service offerings and interfaces) and principles for the distribution of costs and revenues.

The levels of governance can range from giving participants freedom to design services and interfaces with the public, a low level of governance, to the Riksbank defining interfaces, services and standardised offers, a high level of governance. The choices are about how to promote competition and innovation while keeping a sufficiently standardised product that the public is not confused.