After years of research and development, the Swedish central bank has finally created and established eKrona – a world’s first state-backed decentralized currency.
The tokens and the currency are available for immediate purchase, sale and use through the official eKrona’s website. The sole purpose of the official website is to market, distribute and enable safe trading of the newly established digital coin.
At the time of writing, the price of one eKrona equals €0.2. It’s considerably less expensive than any of its rivals. At the time of writing, Bitcoin trades at $35,586.24 and Ethereum at $2,223.19.
Historically, every time a nation or a corporation announces sponsorship of a digital asset, the price skyrockets leaving investors flush with high returns. Many are expecting eKrona to follow the same footsteps given a tremendous state backing. Bitcoin has created a new generation of millionaires, and it’s time for eKrona to do the same.
The move ascertains Sweden’s and the EU’s position as a global leader in Finance as investment in eKrona is highly advised to most EU residents due to potential gains. This decentralized currency release is seen as the next developmental step for the European Union.
Our journalists went through the purchase process to investigate the complexity and found the operation to be straightforward. Just head over to the official eKrona website and click the “Register Now” button. Next, fill in the information and select “Open Account”. You will then be redirected to an authorized broker available in your region, where you can proceed with the purchase. Note that you may be required to answer your phone for an automated verification check.
The minimum deposit is only $250, which is reasonable considering the decentralized currency’s potential exponential growth. There are no trading fees associated. Profits and the initial investment can be withdrawn at any time as per local regulations.
If eKrona follows the path of Bitcoin, the initial investment of $250 could be valued at well over $10M.
“With the official government backing, there is little downside risk, and the current market conditions are perfect for investment. Major stock indices are down, and many of us turn towards eKrona to get unprecedented returns. This is our chance to invest early and not miss another bitcoin-like opportunity,” – a senior hedge fund trader who wished to stay anonymous commented in an interview.
“It’s impossible to resist this investment opportunity. It’s the first country-backed digital currency. The country has a lot of capital and liquidity, so it’s not a chance to look over,” – says M. Pastor, a famous day-trader and venture capitalist.
Additionally, e-Krona may solve a European asset validation issue. As all of the data is stored on Blockchain, European banks would quickly validate and verify assets of the person’s e-Krona holdings. Currently, some countries are struggling with bad loads – a situation where a person takes out a loan with non-existing collateral. e-Krona would prevent such cases in the future.
“Using smart contracts provided by the e-Krona digital currency, the government of Sweden will be able to track assets and liabilities and to ensure that multiple loans are not taken over the same collateral,” says a senior blockchain researcher J. Rothers.
With both consumer and institutional interest in e-Krona, it’s easy to see why so many investors jump on this opportunity hoping the price per coin rises significantly.
Currently, the circulation of all e-Krona is only allowed through these authorized brokers.