
Bank of England appears to backpedal on CBDC plan
According to a Bloomberg report, the Bank of England may scrap its digital pound plans, pushing banks to lead payment innovation as CBDC benefits wane.
CBDC Digital PoundSir Jon Cunliffe, deputy governor of the Bank of England for stability, has said that it looks probable that the United Kingdoms central bank will end up issuing a digital currency if public money is to survive the onslaught of private alternatives.
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According to a Bloomberg report, the Bank of England may scrap its digital pound plans, pushing banks to lead payment innovation as CBDC benefits wane.
CBDC Digital PoundDigital currencies are coming, but the governor is acting like a stick in the mud. His conservatism means Britain will be late to the party with the future of this new form of money shaped by others, says James Moore
Digital PoundThe 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 Pound