22 July 2020

French central bank names digital currency team

Written By FinTech Alliance in Digital Currency

French central bank names digital currency team

The Banque de France has named eight firms it will work with to develop a central bank digital currency.

In Brief:

  • The firms will help test applications for interbank settlements.

  • They include HSBC, Accenture, SocGen and others.

  • They’ll look at new ways of exchanging financial instruments for central bank money.


What does this mean?

The firms will also look to test settlements so they can improve conditions for cross-border payments. The central bank says that its experiment will contribute to the “global reflection” of the value of a central bank digital currency.

Read more here.

Up Next ...
05 November 2024

MeaWallet Introduces New Features to Support Click to Pay, Enabling Safer, Faster Online Shopping

MeaWallet product updates support businesses facing mandatory regulatory requirements that state they must support Click to Pay

05 November 2024

Nium and HyperGuest Join Forces to Streamline Payments for the Travel and Hospitality Industry

This partnership will enhance payment efficiency and security for HyperGuest’s global network of travel and accommodation partners with Nium’s virtual card solution...

05 November 2024

Mastercard's 'Pay Local' Brings Global Payment Access to Digital Wallets

This initiative particularly benefits travelers, as it eliminates the need to preload prepaid accounts, making global payments more seamless

04 November 2024

Finance apps are in ‘need of improvement’, says a quarter of Brits

A recent survey by UK mobile specialists Apadmi reveals that ...

More in Digital Currency

Zumo and CCRI Partner

29 April 2024

Pushing back against growing crypto carbon footprint. In brief:- After the ...

Singapore to pilot use of wholesale central bank digital currencies in 2024

20 November 2023

In 2024 Singapore will pilot the live issuance and use ...

PayPal Launches U.S. Dollar Stablecoin

21 August 2023

PayPal USD (PYUSD) is fully backed by U.S. dollar deposits, ...

MAS firms up regulatory framework for stablecoins

21 August 2023

The Monetary Authority of Singapore (MAS) has laid out its ...

White Papers Digital Currency

The digital pound: a new form of money for households and businesses?

12 June 2023

This consultation – issued jointly by HM Treasury and the Bank of England – opens that conversation...

White Papers Digital Currency

Connecting digital islands: CBDCs

28 March 2023

There is a growing momentum towards exploring Central Bank Digital Currencies (CBDCs) amongst centra...

White Papers Digital Currency

Banking Circle on: As crypto evolves, how should Banks approach CBDCs & stablecoins?

13 July 2022

Banks must prepare for crypto or risk falling behind the competition. The acceptance network fo...

White Papers Digital Currency

Study on New Digital Payment Methods

25 May 2022

This study seeks to provide the European Central Bank (ECB) with a thorough understanding of the cur...

There are no Events in this category