In 1992, the Bank of Finland embarked on a bold venture, launching Avant, a groundbreaking central bank-issued electronic money system. This innovative project aimed to […]
Month: December 2023
Bank of Finland’s Avant Plan A Blueprint for Digital Cash
In 1991, the Bank of Finland unveiled an audacious plan for a central bank-issued electronic money system, dubbed “Avant.” This visionary proposal aimed to revolutionize […]
Navigating the Uncharted Waters of Digital Cash Avant’s Bold Launch
In the 1990s, the Bank of Finland made a historic decision by granting approval for the introduction of Avant, a pioneering electronic money system issued […]
Avant Smart Card System Introduced Retail CBDC in 1992
Pioneering Finland Finland made history in 1992 when it launched the Avant smart card system, a groundbreaking initiative that marked the very first incarnation of […]
Finland’s Pre-Funded Payment Smart Cards Shape the Future of Transactions
From Experiment to Innovation Finland’s journey into the digital payment era can be traced back to a groundbreaking experiment in 1987, when the country became […]