France makes big move towards a digital euro
French central bank will conduct a series of tests to discover benefits and use cases for Central Bank Digital Currencies.
France’s central bank has announced its plans to launch an experimental program to test a digital euro in settlement procedures. Qualified institutions are also invited to participate.
According to the bank’s statement published on March 27, the program will be used to evaluate the potential of decentralized technologies as well as discover solid use cases for Central Bank Digital Currencies (CBDC).