Bank Of France Finds Wholesale CBDC Improves Cross-Border Payments
Tecnologia Bank Of France Finds Wholesale CBDC Improves Cross-Border Payments Segundo 26 atrás Notícias do Bitcoin Ethereum The Bank of France released a report on the successful testing of wholesale Central Bank Digital Currency (wCBDC) on distributed ledger technology (DLT). The Bank of Frances testing of wholesale CBDC (wCBDC) using distributed ledger technology (DLT) has shown promising results. The experiments, launched in March 2020, included 12 tests that demonstrated the operational feasibility of issuing wCBDC directly on DLT. Three models were tested: interoperability, distribution, and integration. These models covered financial tokenization and cross-border transactions, offering valuable insights. Key conclusions from the experiments include the benefits of wCBDC as a complement to retail CBDC, ensuring the stability and convertibility of central bank money. International cooperation and public-private partnerships are vital to creating a globally inclusive and interoperable wholesale CBDC framework. Interoperability is crucial for seamless data and transaction exchange between DLT-based and conventional infrastructures. Climate concerns have highlighted the need for energy-efficient solutions in designing wCBDCs. Technological advancements offer central banks various means to maintain control over their wholesale CBDC while remaining technologically neutral and adopting common standards. DLT can enhance straight-through processing of trade and post-trade activities, contributing to overall financial stability. Continued experiments at domestic and