[French Bank Test Shows Wholesale CBDC Will Improve Cross-Border Payments] Golden Finance reported that the Bank of France announced on Friday that after conducting extensive tests using encryption technology, it determined that its central bank wholesale digital currency (wCBDC) will improve cross-border payments and settlement closures. and the safety of large financial assets. The Bank of France began experimenting with wCBDC in March 2020. It launched a second phase of experiments by mid-2022 and has completed 12 so far, including one to settle a €100 million ($104 million) bond with Luxembourg. Other experiments include projects with the Monetary Authority of Singapore, the Swiss National Bank and the Bank for International Settlements (BIS) Innovation Centre.