The Bank of France has announced that it has successfully completed an initial test of a central bank digital currency (CBDC) based on blockchain technology.
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The bank said that this test for the CBDC is the first in a series of tests to see if a digital euro has the potential to strengthen global financial markets. In the coming weeks, the central bank will explore how the digital euro works when it is sent from one bank to another.
The CBDC was developed at the end of March, and the original project is intended for use in the private sector and not for consumers.
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