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Tuesday

22 June 2021

Swiss, French Central Banks to Trial Wholesale CBDC Settlements With BIS and Private Sector – Finance Bitcoin News

Swiss, French Central Banks to Trial Wholesale CBDC Settlements With BIS and Private Sector – Finance Bitcoin News


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Swiss, French Central Banks to Trial Wholesale CBDC Settlements With BIS and Private Sector – Finance Bitcoin News.

The central banks of Switzerland and France are joining hands with the Bank for International Settlements to test wholesale central bank digital currencies in cross-border transactions.

The Swiss National Bank (SNB), Banque de France, and the Bank for International Settlements (BIS) Innovation Hub have announced this week they’ll cooperate on trials exploring the use of wholesale central bank digital currencies (CBDCs) for cross-border settlements.

At this stage, the project aims to mainly investigate the effectiveness of wholesale central bank digital currencies for cross-border settlement?

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