The Bank of France has moved from conceptual and academic central bank digital currency experiments to trials in the field, a top executive has confirmed. The central bank has successfully completed a pilot trial with one of the largest banks and has planned eight more in coming months.
Banque du France first deputy governor Denis Beau revealed the bank’s CBDC progress at the Paris Blockchair Week Summit 2020. Beau told the audience that the bank has been conducting trials on the feasibility of a CBDC, all while working to preserve the anchor role of central bank money.
“The way we experiment with CBDCs for wholesale transactions perfectly illustrates our choice to move from conceptual and academic considerations, to experiments in the field, hand in hand with market players, using a pragmatic, trial and error way of working.”
Banque du France is seeking to determine how a CBDC can improve the fluidity and efficiency of payment and settlement systems.
Read more: https://coingeek.com/bank-of-france-moves-from-conceptual-to-market-cbdc-trials-deputy-governor/
