France Rumored To Be Adopting XRP For Digital Euro, How Will Price React?
Despite its relatively low adoption in the US, XRP has continued to enjoy widespread adoption overseas in countries like Japan, Singapore, and others looking to incorporate cryptocurrencies into their economy. This time, France is rumored to be the latest country to have taken an interest in the token, per rumored reports. France Could Adopt XRP […]
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Yesterday France had a senate hearing about digital currencies like Bitcoin. People in the Bitcoin community followed the live stream with anxiety, looking for any bearish or bullish news. It is confirmed that the outcome of the French senate hearing is positive for Bitcoin that might lead to a shift in France towards a more Bitcoin loving nation like their neighbour Germany. The reddit user mmitech posted notes during the hearing. He summarized the following: It is not clear what France will do next or how to regulate Bitcoin but they want to catch up and making it illegal is not an....
European financial institutions are using pilots to make a case for the digital euro. It turns out the 100 million euro digital bond issued by the European Investment Bank earlier this week was actually a trial of a European central bank-issued digital currency, or CBDC.An April 28 announcement from France’s central bank, Banque de France, revealed the digital bond was settled using a CBDC on a blockchain.The two year-bond was issued on the Ethereum public blockchain on April 27 and settled the following day, with a maturity date of April 28, 2023. The sale was led by Goldman Sachs,....
Altcoins have been around for longer than you'd think, but it wasn't until Bitcoin started making the news, and the price skyrocketed for anyone to start seriously considering altcoins. Litecoin took second place and has often been referred to as the silver to Bitcoin. Altcoins are created for any number of reasons, but are any of them here to stay? Even today in the world of fiat currency there is a move towards a single currency or if not a single currency market, very limited number of currencies. The euro, issued by the Institutions of the European Union, is the official currency of....
Bank of France, the Swiss National Bank (SNB), and the Bank for International Settlements have successfully tested the application of wholesale central bank digital currency in cross-border payments. The project used distributed ledger technology and was realized with help from private firms.
France and Switzerland Explore Direct Transfer of Euro, Swiss Franc Wholesale Digital Currencies
An experiment carried out by the monetary authorities of France, Switzerland and the Bank for International Settlements (BIS) has indicated that central bank digital currencies (CBDCs) can be....
The central bank of France - aptly named Bank of France - has issued a warning to the general public about the risks of getting involved with digital currency bitcoin. The bank has said that "even if bitcoin is not currently a credible investment vehicle and therefore do not pose a significant risk to financial stability, they represent a financial risk for those who hold them". In other words, you may lose all your money. Thankfully, the Bank of France (and the French government) haven't imposed any sort of regulation or bans (we're looking at you, China). It seems as if this is more of....