The Swedish central bank recognized the benefits of electronic money
The Swedish central bank released a report on the electronic currency payment market impact on retail economic review. The comments mainly focus on bitcoin, also mentioned other coins such as copycat Wright coins and coin dog. Comment clarify bitcoin in the country and the attitude of banks bitcoin and other electronic money.
For statistical purposes, the report only study using Swedish Krona (SEK) transactions. The study found that in December 2012 to May 2014 about 212 a day and SEK bitcoin exchange, the average value is about 266 thousand SEK. But influenced by the exchange rate and volume, the change of the value of every significant between 2500SEK-250 million SEK.
Because of the integrity of the data, may have underestimated. But the report still believe that electronic money currently used in Sweden is very limited, and the traditional trading mode. The use of cash and card payments average daily turnover of more than 3 billion SEK. But there are only 25 Swedish companies to accept bitcoin payments.
At the same time the report bitcoin has made some positive comments, think it is one of the new Sweden payment on the market and is essentially beneficial, can meet the new demand for payment, the payment is more cheap and safe, especially suitable for online payment. The electronic currency platform’s weakness is the lack of clear regulatory and consumer protection regulations, volatility, security risk and the risk of being used for illegal transactions.
The report concludes that any innovation effect depends on its degree, and currently in use from the number of users, number of transactions and turnover bitcoin is very limited, so bitcoin payments are not worth mentioning the advantages and disadvantages.