The experimental Swiss CBDC is designed for use by large financial institutions and will be part of a pilot program.
“This is not just an experiment, it will be real money equivalent to bank reserves,” Jordan said. “The objective is to test real transactions with market participants.”
That said, Switzerland’s central bank said it is not yet ready to create a retail-facing digital franc.
18 countries across the globe are currently conducting CBDC pilot programs, according to the Atlantic Council’s Central Bank Digital Currency Tracker.
International Monetary Fund Chief Kristalina Georgieva said a week ago the IMF is working on a global platform to make the CBDCs launched by governments around the world more interoperable.
It seems that the basis for a new global single currency, this time digital, is being set up right now.