
Bank of England official says digital pound provides big opportunity for businesses
Ben Broadbent said the digital pound could help provide a reduction in friction and cost of payment to businesses.
Central Bank Digital Currency Digital PoundBen Broadbent said the digital pound could help provide a reduction in friction and cost of payment to businesses.
Central Bank Digital Currency Digital PoundCBDC
The Bank of England has published a technology working paper wherein it lays out its ideas on a future digital pound. User privacy is being considered. Central Bank Digital Currencies (CBDCs) are the future of financial transactions according to most central banks and governments across the world. More than 100 central banks are in various []
CBDC Central Bank Digital Currencies Digital PoundDigital Pound
RELATED STORIES ECB Advises Banks Comply With Conservative Cap on Bitcoin Exposure February 15, 2023 Central Banks Dabbling in Crypto Smacks of Mission Creep February 15, 2023 In a significant step, the Bank of England and HM Treasury have declared that it is likely that a digital poundthe catchy moniker for a UK retail central []
Central Bank Digital Currency Digital PoundA non-profit organization, U.K. Tax Reform Council, recently opposed Englands bank move to create CBDCs.
CBDC Central Bank Digital Currency Central Bank Digital Currencies