The French bank Societe Generale chose Tezos to test the digital euro for interbank settlements.
The Central Bank of France announced an experimental program to test the state cryptocurrency back in March. It was supposed to be used for payments with traditional financial instruments and with digital currencies of other central banks. In July, the Central Bank of France also conducted a selection of partners who would develop the state cryptocurrency. Among them was the technological start-up Forge, launched by the investment bank Societe Generale.
For testing, Societe Generale chose Tezos, the open blockchain, using the Proof of Interest (PoS) algorithm. The key participant in the testing will be the group of researchers and developers at Nomadic Labs. President of Nomadic Labs Michel Mauny said that due to its technical characteristics, the Tezos Blockchain was already used in various projects in France and abroad. For example, since September last year, the French police began to keep records of expenses on the Tezos Blockchain.
“We are doubly pleased that such a financial giant as Societe Generale has chosen Tezos to test the state digital currency. It confirms the high level of our developers and the quality of their work,” Michel Mauny said.
Earlier, the chairman of the Bank of France François Villeroy de Galhau said that digital currencies should be issued by central banks, not private companies, so that states can control funds. Also, last year Denis Beau, deputy manager of the Bank of France, proposed to create a blockchain-based system of settlements in the Eurozone to make transfers between banks and their international partners.
Technical analysis of Bitcoin (BTC):
Over the past day, the price of bitcoin dropped to the support level of $10,600. Then it rose to the resistance level of $10,950. Now, the price of bitcoin is $10,900. In the future, we predict an increase. The nearest resistance levels are $10900, $11000, $11300, $11400, $11500, $11650, $11850, $12000, $12230, $13000, $13500. The nearest support levels are $10800, $10700, $10500, $10340, $10250, $10200, $10000, $9850, $9600, $9400, $9300, $9200, $9000, $8600.
Technical analysis of Ethereum (ETH):
Over the past 24 hours, the price of ethereum dropped to the support level of $355. Then it rose to the resistance level of $365. Now, the price of ethereum is $365. In the future, we predict an increase. The nearest resistance levels are $380, $385, $390, $400, $410, $415, $420, $430, $440, $443, $470, $475, $500, $530. The nearest support levels are $365, $355, $350, $330, $325, $310, $300, $290, $277, $270, $260, $257, $250.
Technical analysis of Ripple (XRP):
Over the past day, the price of ripple dropped to the support level of $0.2350. Then it rose to the resistance level of $0.2450. Now, the price of ripple is $0.2440. In the future, we predict an increase. The nearest resistance levels are $0.2450, $0.2480, $0.25, $0.2580, $0.26, $0.27, $0.28, $0.29, $0.2960, $0.30, $0.3080, $0.31, $0.32, $0.3250, $0.3450. The nearest support levels are $0.2440, $0.2350, $0.23, $0.2250, $0.22, $0.2150, $0.21, $0.2060, $0.2020, $0.20.
