PostFinance wants to drive the development of a digital franc and is entering into partnership with Swiss Stablecoin Ltd for this purpose. As part of a joint proof of concept, a digital image of the Swiss franc will be released for specific use cases and tested for practicability in PostFinance’s test environment.
In conjunction with Swiss Stablecoin Ltd (SSC), PostFinance plans to launch a stablecoin for Switzerland – in other words, a digital franc. The goal is to create a broadly supported payment method that will make the payment system in Switzerland simpler and more efficient. The digital franc will be based on open-access blockchain technology. As the first step in their new partnership, PostFinance and SSC are working with the association cardossier to conduct the proof of concept (PoC).