April 19, 2024

Central Bank of France chose 8 companies to test CBDC

On July 20, the French central bank of France (Banque de France) announced that it had selected eight companies to participate in theexperiments with digital currency solutions.

According to the statement for the press, testing will cover a wide range of areas, and not only in the sphere of transmitting cryptoactivities, and will begin “in the coming days”.

Among the candidates were famous companies in the banking and fintex industries, for example, HSBC, Accenture, Societe Generale, Seba Bank, LiquidShare, Euroclear, Iznes and ProsperUS.

It is interesting that the central bank is in a greater degreeIt is used in the wholesale use of CBDC, but not in the retail use of the digital euro, which means the possible creation of CBDC for the "grinder"

Fraction is based on the use of digital euro in Europe; in May in the country there was a successful use of the digital euro on a block in a partnership with the bank Societe Generale.

Looking at the explanations in the fact that theThey carry an exceptionally experimental character, the bank emphasizes that the obtained results will be useful for analogous CBDC experiments throughout the entire period

Of course, France is found in Avangard in partpromotion of the digital euro, but other European countries also develop analogs of such a currency. For example, the Italian Banking Association (ABI) has developed guidelines for the creation of the CBDC, and the Dutch central bank said that it was ready to cook for the preparation

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