Will Sweden be the first country with a national crypto currency

[DenisSley]

Will Sweden be the first country with a national crypto currency

The whole world knows about the level of the developed economy in Sweden. It goes to the stage when the money is obsolete, and electronic payments and virtual currency take over. Studies have shown that the country's economy is sufficiently prepared in order to launch the national crypto currency.
This is due to the fact that in many regions there is almost no use of fiat money.
One of the analysts of HSBC Holdings, believes that Sweden is one of the few countries that can successfully issue its own virtual currency. All this is due to the low cost of transactions for electronic payments.

The central bank of the country assumes all responsibility and plans to issue "people's crypto currency". Developers of HSBC have provided a draft currency called "e-krona"...

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[1714886486]

1714886486

[xTz]

Actually would be second,  Venezuela launched already national crypto.
If Sweeden go for same centralized crypto, will risk anarchy if they move their national fiat currency into centralized crypto. One tiny mistake can lead to disaster. Hackers and thiefs will always fallow the money. If they make one like bitcoin, then that is a global currency .

[clouder12]

yeah, iirc Venezuela did release their own crypto currency are backed by 5.3 billion barrels of oil worth $267 billion

[xTz]

Indeed, Venezuela felt on their state after they invested into old aged technology like "petrol" and that investment collapsed after petro industry lost 50% of its value. Now they created intrinseque value of their crypto based on same petrol. Only now, they do not print paper they create it on a cheap 50$ computer . Their leaders have to be really stupid. We already start to see centralized crypto's being hack'd (today was stellar lumen crypto similar to xrp. A.K.A paypal disguised only now they use an wallet instead of an account). Is there any guarantee tomorrow when they wake up they don't put taxes on transfers?   
   

[shaun98]

Nope, it will be Venezuela with their Petro Dollar. However, only Maduro's socialist party is in favour of it, while the majority of the parliament plans to block the implementation of such a currency.

[xTz]

I admire they are open mind for this technology, but how they use it, is very wrong. Citizens of that country are put in front of anarchy, if they distribute that coin to population and some bad intended guys can destroy or steal all centralized network, guess what would happen?! The only way for a coin to be successfully is to create an open source software and who participate to be rewarded with coins. This way you as a State/government you do not have to invest money into infrastructure/network. You just create a piece of 100mb software and thats all. This should be applied by Sweeden too, but remember, a single digit put in the wrong code can collapse everything. Only human errors we should worry about, computers never mistake.

[Joebwan]

Let's hope that they will make it and spread the word about cryto's to the mass user.

[cry4crypto]

Their idea of "crypto currency" has actually little to do with the principles of crypto. In all seriousness, I wouldn't call it a cryptocurrency, an e-currency at most.