Skip to content

The latest essay could see the introduction of the central bank’s digital currency take Switzerland one step further. The SNB claims to have integrated digital currencies into payment systems and used them in simulated transactions involving UBS, Credit Suisse, Goldman Sachs and Citigroup.

The test showed that it was possible to instantly execute payments, ranging from CHF 100,000 to CHF 5 million, eliminating counterparty risk.

I still think it will be some time before this becomes a whole, but it looks like a rollout can take place quite quickly given that central banks continue to do their due diligence in the meantime.


Not all news on the site expresses the point of view of the site, but we transmit this news automatically and translate it through programmatic technology on the site and not from a human editor.