The Swiss Digital Franc

 

The first European banks are testing digital currencies. The Swiss National Bank and the Bank of France announced that they will trial cross-border central bank digital currency payments.

This is not exactly cryptocurrency adoption. It is a digital version of the Euro and the Swiss franc, exchanged digitally. It is not for consumers. It is for bank-to-bank transactions. This experiment is called Jura, after the mountain range between Switzerland and France. The central banks said that this project is “exploratory” and not indicative that they will fully embrace digital currencies. Not yet anyway.

 

Share this article

Share on facebook
Share on twitter
Share on linkedin
Share on pinterest
Share on whatsapp
Share on vk
Share on email
Share on reddit

Related Articles

Join the mailing list

Get the daily email that makes reading the investment news actually enjoyable.

Scroll to Top