
Digital pound offline payments 'challenging' - BofE
Offline 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 PoundTheBank of Englandis launching two working groups for offline payments and retailer needs as part of its central bank digital currency (CBDC) exploration. It publishedrequests for information(RFI) from experts (suppliers) on thesedigital poundtopics, asking for responses by September 3. The working groups are separate from the CBDC Engagement Forum, but the groups work output might []
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Offline 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 PoundBank of England governor warns that digital currencies must not jeopardize commercial banks or liquidity principles.
CBDC Central Bank Digital Currencies Digital PoundIn its CBDC progress update, the Bank of England announced the creation of a Digital Pound Lab, which works similar to a sandbox, allowing partners to test API functionality and use cases.
CBDC Digital Pound