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Banque de France reports back on wholesale CBDC programme
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finextra.comThe bank says that the experiments showed how a CBDC can be used for wholesale payments, including cross-border and cross-currency payments and securities settlement.The experiments also tested several ways in which central banks could retain control over central bank money on DLT, notably by tapping blockchains’ ability to implement programmability features. The programme involved the use of various technologies, including private and public blockchains, as well as other distributed systems, showing that a wholesale CBDC can be implemented on various types of DLT and "would be an effective means of payment, enriching central bank money with new functionalities and use cases as well as promoting innovation in financial markets".
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