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the Banque de France is surrounded by a dozen projects to test uses

The Banque de France, which has been exploring for several months the possible uses of a digital currency managed by central banks, has started the selection of projects to carry out new experiments in this area, she said on Thursday.

in order to select a maximum of ten application files, each file being able to contain several experiments “, said the Banque de France at a press conference. “data-reactid =” 24 “> The institution has been conducting interviews with eligible candidates since Wednesday”in order to select a maximum of ten application files, each file being able to contain several experiments “, said the Banque de France at a press conference.

Read also: Despite the crisis, the Banque de France continues its work on an e-currency“data-reactid =” 25 “>Read also: Despite the crisis, the Banque de France continues its work on an e-currency

These interviews should in principle take place until July 10, from which the experiments will begin to be carried out.

At this stage, the Banque de France favors experimentation in the field of transactions between major financial players, in particular settlements when selling financial securities and exchanging euros for units of this new digital currency.

Ultimately, this technology could notably save time and save costs by doing without the traditional trusted intermediaries, but could also make it possible to exchange assets for legal tender.

central bank digital currency“via blockchain.” data-reactid = “30”> At the end of May, the Banque de France announced that it had passed its first test for using “central bank digital currency“via blockchain.

Read also: Digital currency: 80% of central banks are working on the subject“data-reactid =” 31 “>Read also: Digital currency: 80% of central banks are working on the subject

Facebook Libra in sight

Last December, in response to private initiatives like that of Facebook, the Banque de France announced that it wanted to create

(…) Read more on La Tribune.fr “data-reactid =” 34 “> (…) Read more on La Tribune.fr

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“data-reactid =” 36 “>
Where is Libra, Facebook’s cryptocurrency project at?
Libra Handbook for use by central banks (with compliments from the World Economic Forum)
Faced with Libra, the Banque de France will test a central bank digital currency
The Blockchain to mark Covid-19 aid … and measure its impact
After the acquisition of the Chain Accelerator, a look back at the strengths and weaknesses of the French blockchain ecosystem