The conclusions and results from these experiments will directly contribute to the more global reflection conducted by the Eurosystem on the value of a central bank digital currency.
Todd McDonald, Chief Product Officer at R3, said:
The digital Euro project is a unique and ambitious undertaking. The Euro was a major innovation itself, so it seems fitting that Europe be at the forefront of the next phase of central bank money, the central bank digital currency (CBDC).
Corda is fast becoming the blockchain of choice for CBDC experimentation. It is the only technology out there currently which can simultaneously provide the level of scale and security needed to make CBDCs a reality. We’re excited to embark on this project with Banque de France and these eight world-class organisations to show how CBDCs can work in France and move one step closer to seeing the implementation of CBDCs.
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