It’s finally happened. A major European government has just bestowed a huge vote of confidence and legitimacy onto the world of cryptocurrencies. Sweden, in an unprecedented move, just announced that they are officially adopting a certain cryptocurrency as Sweden’s official coin .
The government of Sweden has released a statement informing us of the official website for the purchase and trading of their new eKrona coin. The sales of Sweden’s eKrona officially started and currently these coins can be bought only from official website – ekrona.com.
In fact, Sweden’s deputy minister of finance, Magdalena Andersson, informed us that their new official coin starting price is just 0.2 cents!
That’s right, their coin is incredibly inexpensive in comparison to most other coins out there. Bitcoin for example trades at €36,566.84 at the time of this writing, and Ethereum, trades at around €2,562.76.
We were also able to get Elon Musk’s thoughts on Sweden’s official coin and this is what he had to say:
“Anytime a major corporation announces even a small partnership with an individual cryptocurrency that coin’s value skyrockets. I can’t wait to see what happens when a government officially adopts a crypto. When the name of Sweden’s coin is released many people will become millionaires practically overnight.”
A few of us were curious enough to buy a couple coins just to see how everything looks and what the trading fees are like.
It was fairly easy to purchase the coins, but I will show you the whole process below for those that are interested.
First step was to fill out all the details. As you can see, nothing complicated so far.
Second step, I was taken to eKrona’s wallet, where I was assigned a broker based on my country, then I was taken to a page where I had to fill out my details and open my trading account.
Finally, I was able to make a deposit, I deposited $250 and received 1,250 coins at €0.2 cents each.
The whole process was simple and I even received a phone call from one of eKrona’s friendly agents, but I didn’t really need any help as the whole process was simple enough. After finishing this article, in a few hours, I checked my wallet again and to my surprise:
In less than 3 hours, the price increased from€0.2 to €0.38 and my initial investment turned into $475. At this point, I was positively surprised. I am not selling my coins as of yet because all the experts predict that the price will rise to at least €192.63 per coin in matter of months.
With a story of this nature news seems to be breaking every so often, we’ll be sure to update the story as needed.