
Bank of England boss not convinced of need for digital pound
The Bank and the Government are in the process of exploring the launch of a digital pound.
Digital PoundToomey, on the other hand, highlighted an important and lingering question, can stablecoins and a Federal Reserve digital dollar coexist? Why do you need stablecoins if all Americans have retail accounts with the Federal Reserve, as Toomey proposed in what may have been an overblown Scenario, and the Fed becomes the retail lender to America? […]
The post Will Fed Digital Dollar Replace Stablecoins Or Would Both Coexist? appeared first on The Central Bank Digital Currency Insider.
The Bank and the Government are in the process of exploring the launch of a digital pound.
Digital PoundInnovate Finance, the industry body for UK FinTech, through its Digital Pound Foundation programme, has today published a blueprint to make the UK the leading international market for stablecoin a key pillar of the future digital economy.
Digital PoundOffline payment functionality is technically feasible for a future digital pound but there are trade-offs that make it challenging, according to new Bank of England research.
Digital PoundThe Digital Pound Foundation has become part of the umbrella of Innovate Finance, the industry body for UK fintech.
Digital PoundRecord hopes the BOE will abandon the project, which has already cost $30.5 million, and focus on its core responsibilities.
Digital PoundInnovate Finance, the industry body for UK FinTech, and the Digital Pound Foundation (DPF) have officially joined forces today.
Digital Pound