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Banque De France Has Finished CBDC Trial

PYMNTS

Banque de France has successfully conducted its own central bank digital currency (CBDC) trial, with a blockchain platform for interbank settlement, CoinDesk reported. Francois Villeroy de Galhau , governor of the Banque de France, has spoken positively about CDBCs, CoinDesk reported. million), per CoinDesk. million), per CoinDesk.

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France is Europe’s biggest supporter of ‘carbon bomb’ projects, data shows

TheGuardian

French banks have financed $154bn to firms running biggest fossil fuel projects since 2015 climate pact France is Europe’s biggest supporter of “carbon bomb” extraction projects that hold enough fossil fuels to pump out more than a gigaton of CO 2 each, the Guardian can reveal.

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Western Union, French Insurer AXA Partner On Life Insurance Pilot Program

PYMNTS

Some residents of France who use Western Union online services to wire money to friends and family in certain African countries will be offered free one-month, 1,000-euro life and disability policies benefiting those recipients under a pilot program, according to a press release.

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French President Macron Warns Big Tech To Align With EU Rules

PYMNTS

The president of France, Emmanuel Macron, issued a warning to Big Tech players like Google and Microsoft, saying they need to adhere to European Union (EU) mandates, Bloomberg reported on Tuesday (Jan. The EU wants the tech industry to abide by rules to moderate online content and constrain the market power of Big Tech players. .

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Swiss Franc Weakens On Impending US And Europe Rate Cuts

PYMNTS

and Europe, the Swiss central bank has taken steps to weaken the Swiss franc and put rising pressure on the currency, according to a report by The Wall Street Journal. Last week the franc hit 1.10 francs per euro, which many analysts say is a benchmark. francs at the end of April. A euro could buy 1.14

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SETL, Banque de France complete world's first CBDC fund transaction

The Paypers

UK-based Settlement and Payments Infrastructure provider SETL has announced that Banque de France has successfully completed a CBDC transaction on its platform, according to the official press release.

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Coronavirus Refunds: Air France, KLM Refine Cancellation Procedure

PYMNTS

As the coronavirus pandemic continues to disrupt everyday life the world over, many consumers want compensation for things they paid for but aren’t able to use. KLM and Air France have further refined their rules for flight cancellations, according to an announcement.

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