HomeCoinsBitcoin (BTC)French Central Bank Conducts Fifth Experiment on Tunisia CBDC – Fintech Bitcoin...

French Central Bank Conducts Fifth Experiment on Tunisia CBDC – Fintech Bitcoin News

- Advertisement -


The French central bank, Banque de France (BOF), recently carried out its fifth experiment on the Central Bank of Tunisia (CBT)’s central bank digital currency (CBDC). According to a statement from BOF, the latest experiment is part of the banks’ joint effort to create conditions that are “conducive to a better inclusion of the Tunisian diaspora in Europe.”

Platform Targets Tunisian Diaspora

In his comments following the experiment, Mohamed Sadraoui, a director-general at CBT, suggested that the CBDC platform’s success will likely “reinforce transparency, speed and cost savings” for users. He went on:

The success of this experiment is an opportunity to start thinking about the deployment of alternative channels for cross-border transfers initiated by the Tunisian community in Europe to Tunisia.

As a press statement explained, this experiment involved the simulation on a private blockchain of the issuance and settlement of unlisted securities and of the settlement of listed securities. Settlements of securities were simulated by central bank digital currency issued on the blockchain.

Central and Commercial Bank Collaboration

However, this experiment required the development and deployment of smart contracts so that the BOF could issue and control the circulation of CBDC tokens while ensuring that each transfer takes place simultaneously with the delivery of the securities.

In her remarks on behalf of BOF, Nathalie Aufauvre, the bank’s director-general of financial stability and operations, said “this experimentation has helped appreciate the interest of the interbank MNBC for the execution of retail cross-border transfers by resorting to cooperation between commercial banks and central banks for the establishment of more efficient processes.”

A consortium of actors driven by Liquidshare is part of this experimental program that was launched in March 2020.

What are your thoughts on this experiment on the CBT’s digital currency? You can share your views in the comments section below.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.





Source link

- Advertisement -
profile logo 500x500
Mr Bitcointehttps://www.bitcointe.com/
“Fact You Need To Know About Cryptocurrency - The first Bitcoin purchase was for pizza.” ― Mohsin Jameel
462FansLike
76FollowersFollow
4,567FollowersFollow
5,261FollowersFollow
1,486FollowersFollow
2,230SubscribersSubscribe

Most Popular

bitcoin
Bitcoin (BTC) $ 43,330.00
ethereum
Ethereum (ETH) $ 3,055.28
tether
Tether (USDT) $ 1.00
bitcoin-cash
Bitcoin Cash (BCH) $ 512.94
litecoin
Litecoin (LTC) $ 151.83
eos
EOS (EOS) $ 4.02
okb
OKB (OKB) $ 13.69
tezos
Tezos (XTZ) $ 6.85
leo-token
LEO Token (LEO) $ 2.82
cardano
Cardano (ADA) $ 2.27
monero
Monero (XMR) $ 235.17
stellar
Stellar (XLM) $ 0.280955
chainlink
Chainlink (LINK) $ 24.61
huobi-token
Huobi Token (HT) $ 7.48
tron
TRON (TRX) $ 0.088594
usd-coin
USD Coin (USDC) $ 1.00
dash
Dash (DASH) $ 163.24
neo
NEO (NEO) $ 38.98
iota
IOTA (MIOTA) $ 1.21
nem
NEM (XEM) $ 0.148045
zcash
Zcash (ZEC) $ 111.12
maker
Maker (MKR) $ 2,380.34
paxos-standard
Pax Dollar (USDP) $ 1.00
ethereum-classic
Ethereum Classic (ETC) $ 47.42
vechain
VeChain (VET) $ 0.09172
true-usd
TrueUSD (TUSD) $ 1.00
ftx-token
FTX Token (FTT) $ 56.70
kucoin-shares
KuCoin Token (KCS) $ 10.60
waves
Waves (WAVES) $ 23.94