The trial will also allow the banks to see how the technology syncs with existing payment systems, as well as providing more effective routes to monitoring compliance.
A diverse panel of leaders in the banking and financial services sector got together at CoinGeek Live to discuss where they believe the future of banking, financial products and blockchain.
Thomas Moser made the trip to CoinGeek London Conference to give insight into the Swiss central bank’s view on digital currencies.
The exchange will be partnering with the Swiss National Bank (SNB) and the Bank of International Settlements Innovation Hub Centre.
While the use of cryptocurrencies has continued to surge in recent years, the president of the Swiss National Bank doesn’t think they’ll ever be used widely as money in Switzerland.