Here’s why cryptocurrencies are not common as a means of payment in Norway
While CBDC trials have taken place in France and there are formalized discussions about the digital euro, what about the state of crypto adoption in Scandinavian countries?
In a recent speech, the Deputy Governor of Norges Bank, Ida Wolden Bache, provided some perspective on Norway’s stance regarding crypto and CBDCs.
While giving some overview of Norway’s crypto scene, Bache suggested that the country considered crypto to be a solution for those in regions with poor payment systems. It is essential in nations where fiat currency frequently lost its value. Bache said,
“Cryptocurrencies are not common as a means of payment in Norway, reflecting a secure and effective payment system and confidence that money will retain its value over time.”
Bach
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