French Central Bank Picks Accenture, HSBC and Others for Digital Euro Pilot

Banque de France has picked eight potential candidates to test the integration of a CBDC for interbank settlements, according to the announcement published earlier today.

The list of approved participants includes mainstream juggernauts like Accenture, HSBC, and Societe Generale, as well as smaller crypto-focused players like Seba Bank and LiquidShare.

The announcement follows the central bank's call for applications to experiment with the use of a digital euro, which it posted in March. At the time, the institution said it would select a maximum of 10 CBDC-related applications, with "innovative nature" being one of the main selection criteria.

Now, the French central bank will start working with each of the eight players on their proposed experiments "over the coming months", aiming to explore "new methods of exchanging financial instruments". Additionally, the pilot projects will try to establish how CBDCs can be distributed and used for cross-border payments.

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