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France looks into CBDC for wholesale use, ‘more work needed’ to study impact
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ambcrypto.comFrance has come forward with the most ambitious and successful CBDC trial to date. In the latest development, the Bank of France wants to conduct further research on a CBDC for wholesale use in the financial sector.
Bloombergunderlined this development and further highlighted some important insights. For instance, consider this chart below:
Source: Bloomberg
Clearly, France (in blue) has been actively pursuing its vision of incorporating a CBDC into its financial structure. According to the Bank of France, CBDC could keep up standards for securities settlements, and minimize potential fragmentation from the existence of multiple private versions.
At the same time, it could speed up cross-border payments, making them less expensive and more
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