Random Blog on Crypto (Part 89) : Crypto Adaptation in Sweden (Part 01 of 02)
Crypto adaptation in Sweden is good subject in Europe. Sweden always stay forward in digital things. It was one of the first country to cut down use of cash. Today most shop in Sweden take cards or apps instead of paper money. Form this point of view, crypto adapation and its discussion is important in terms of Sweden. People travel and even pay small bills with mobile. So it is easy for them to accept crypto coins. Swedish people already trust digital money more than cash. Government also push digital experiment. Central bank start project of e-krona. It is a digital type of Swedish crown. So, it is smart way of adapting crypto based blockchain technology. This show Sweden want to use blockchain and crypto system. Local banks and fintech companies also study about crypto. Some business even take Bitcoin and Ethereum as payment. Tech startups in Stockholm make new blockchain tools. They are working in finance, health, voting, supply chain and many more. Many university also teach and research about crypto. So Sweden become a digital finance hub in north Europe. That is what we experienced from recent news in past years. I shall discuss couple of them in the second part on this topic. People in Sweden adapt quick because they are educated and open for change. Young people are even faster. They invest in crypto and trade in global exchange. They see crypto as freedom from banks. They also save some money in digital coins. Media write positive news about crypto. Events and seminar help more people to know. Regulators are careful but not blocking crypto. They want to stop crime but allow business to grow. This make Sweden more safe for crypto than other countries. High internet speed and smart phone use also make adaptation simple. Almost every person use internet every day. For such environment in the country it is good base for the crypto adoption in Sweden.


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