Earlier this month, the Banque de France partnered with Banque Centrale de Tunisie for France’s seventh central bank digital currency (CBDC) experiment. The trial involved a consortium led by Prosperus comprising Bank Wormser Frères, la Banque Internationale Arabe de Tunisie and its French subsidiary BIAT France.
The experiment used a blockchain-based wholesale central bank digital currency to carry out wire transfers between commercial banks in each country instead of using SWIFT.
The primary motivation behind this wholesale CBDC trial was to find a way of making commercial cross-border transfers real-time, more transparent and cost-effective. Particularly for Tunisians who live and work in France sending digital Euros to Tunisia.
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
