Digital Currency, Currency

Cashing out: Sweden could be the first country to issue 'digital currency'

Swedish central bank Riksbank is exploring the idea of a 'digital currency'. The system could save tourists a trip to the currency exchange desk. Sweden is seeing a huge decline in the use of traditional notes and coins.

Read the full story in The Daily Mail.

Changing money is one of the more irksome tasks we have to tackle before going on holiday - but Sweden might soon be making it much smoother.

Riksbank, the world's oldest central bank, has announced that it's exploring the concept of a 'digital currency' to accompany its Swedish kroner notes, which could ultimately save tourists a trip to the currency exchange desk.

In the meantime, when it comes to transferring funds internationally, FlashFx is already practicing a new approach compared to the opaque and inefficient networks currently in place.

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FlashFX, a cutting edge fin-tech startup based in Sydney Australia, is engineered from the ground up to deliver intelligent foreign exchange transfer services, without hidden fees.

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Flash FX puts their customers in control. They can choose a target conversion rate, automate the international money transfer and track their currency transfer, like a package, from start to finish.

Change is coming to foreign exchange financial services. It will alter the competitive landscape in favour of the consumer forever.

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About Tim Strube

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