Title: “Swiss National Bank Expands Digital Franc Pilot Program for Future Financial Innovation”

Jun 20, 2024

Metablox NFT save memories to the blockchain


Everyday we create memories that are attached to places, but how will future generations know what happened to us? 

Metablox is saving our most important memories on the blockchain, and you can own the real world places the memories happened.


Digital Franc Evaluation by Swiss National Bank


Switzerland’s Swiss National Bank (SNB) has extended the digital franc pilot program for an additional two years to further evaluate its performance, security, and scalability. The pilot program aims to explore the possibilities of central bank digital currencies (CBDCs) integration into the financial system.


The SNB’s Governing Board member praised the achievements of the digital franc pilot since its inception. This extension exhibits Switzerland’s commitment to researching CBDCs and their potential impact on the financial landscape.

Main Points

The wholesale CBDC pilot program has been extended by the SNB for two more years. Antoine Martin, a member of the SNB’s Governing Board, commended the pilot’s progress in enhancing understanding of CBDC technology.

With increased participation from financial institutions, the program can now process a wider range of financial transactions, reflecting Switzerland’s ongoing exploration of CBDC advantages and drawbacks.

The SNB aims to gather detailed insights into the digital franc’s usability and features with the expanded pilot, potentially leading to broader adoption and innovative financial tools.

Additionally, the Swiss Financial Market Supervisory Authority (FINMA) ordered the closure of FlowBank due to bankruptcy, impacting the cryptocurrency industry. Ripple’s XRP price struggles to recover despite consistent trading volume and market optimism.


The evaluation and expansion of the digital franc pilot program by the SNB underscore Switzerland’s commitment to understanding and harnessing the potential of CBDCs in the evolving financial landscape.