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Banks in France run ‘almost 500’ test cases in CBDC experiment
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After the release of The Bahamian “Sand Dollar” CBDC around a year ago, China is steamrolling ahead with its own e-CNY program. Not surprisingly, other countries are feeling the time crunch.
Yet, after months of quiet preparation, one large player from Europe is now definitively in the race.
According to a report by Financial Times, Banque de France provided a CBDC which the country’s “biggest financial market participants” used during a 10-month long trial. The program’s leader was Euroclear, a Belgium-based financial company specializing in the settlement of securities transactions.
As per Euroclear’s press release, the participating members included the Banque de France, Agence France Trésor, BNP Paribas CIB, Crédit Agricole CIB, HSBC, and
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Shiba Inu now accepted as payment at a French bistro in Paris cointelegraph.com /3 years ago
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