Digital Euro, Swiss Franc Trials Were Successful, C.banks Say

Digital Euro, Swiss Franc Trials Were Successful, C.banks Say
Benoit Coeure, board member of the European Central Bank (ECB) during an interview at the ECB headquarters in Frankfurt, on May 17, 2017. Kai Pfaffenbach/Reuters
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ZURICH—Europe’s first cross-border trial of central bank digital currency payments has been described as a success by the central banks of Switzerland and France, though they said it would not immediately lead to the issuance of CBDCs.

Project Jura, named after the mountains between the two countries, is the latest in a series of CBDC trials conducted by central banks keen to rebut the threat from crypto assets.