10/10/19 07:00 UTC-4

Swiss banks are studying the use of digital money

CryptocurrencySwiss banks are exploring digital currency
Swiss banks are exploring digital currency

The Swiss National Bank (SNB) and the Bank for International Settlements (BIS) jointly explore digital currency on a blockchainBlockchain
is a continuous and sequential block chain of information (digital linked list). When building a blockchain, copies of related blocks are simultaneously stored on multiple computers.Details

Digital currency studies in Switzerland

SNB announced the news on Tuesday, stating it has signed an operating agreement with BIS to open a center in Switzerland, which will conduct research on the digital currency project.

“The digital money form will be directed at facilitating payments on tokenized assets between financial institutions,” the Swiss National Bank said.

The project is currently developing a concept validation in partnership with the Swiss stock exchange SIX Group and SIX Digital Exchange (SDX).

Interesting in the section: In Switzerland, they invented an alternative to Bitcoin with less energy consumption

  • On Tuesday, the exchange SIX said in a separate statement that SDX would provide its platform to explore the technical capabilities of integrating digital currency to the central bank.

See also: "Ripple network’s cryptocurrency (XRP) launches on Binance DEX"

#Bank #Switzerland #cryptocurrency #blockchain

Editor: Yuliya Soroka


12/10/19 04:20 UTC-4

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