
Bank of England mulls canning CBDC plan: Report
The UK central bank may scrap its digital pound amid skepticism and preference for bank payment innovations, Bloomberg reports.
CBDC Digital PoundRipple, the digital remittance technology provider today announced its partnership with the non-profit Digital Pound Foundation. The foundation is working towards the development and implementation of a Digita Pound in the UK. Ripple would join as the founding member and would help in the development process with its vast experience in facilitating cross-border transactions. Ripple
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The UK central bank may scrap its digital pound amid skepticism and preference for bank payment innovations, Bloomberg reports.
CBDC Digital PoundThe Bank of Englandis considering pausing its plans to create a digital currency. Thats according to areportTuesday (July 22) from Bloomberg News,
CBDC Central Bank Digital Currencies Digital PoundThe Bank of England is considering shelving plans for the creation of a digital pound amid growing scepticism over the projects benefits.
Digital PoundBank of England Governor Andrew Bailey said he isn't yet convinced that the U.K. actually needs a CBDC, which would be a digital pound.
Britcoin CBDC Digital PoundGovernor Andrew Bailey said he remained sceptical over the need for a digital pound, stressing that innovation in payments should be a priority.
Digital PoundGovernor Andrew Bailey said he remained sceptical over the need for a digital pound, stressing that innovation in payments should be a priority.
Digital Pound