Topic: British citizens keep their money in digital form(with the central bank itself ) (Read 99 times)
December 30, 2017, 05:36:13 PM
So old news fake news or no news then? If this was in 2015 surely they would have implemented it by now they wouldn't have waited for public cryptocurrencies to do well before announcing theirs. Any in case if it is legitimate and it is a cryptocurrency then you can expect a lot of people to use it because for some reason people trust centralization over decentralization which baffles my mind completely.
December 30, 2017, 03:45:51 PM
A research unit set up by the Bank is investigating the possible introduction of a crypto-currency linked to sterling.
If approved, a virtual currency issued by the bank would pave the way for a revolutionary shake up of high street banking.
A Bank of England-issued digital currency would potentially allow British citizens to keep their money - in digital form - with the central bank itself, dispensing with the need for a retail bank. Big-ticket transactions, such as buying a house, could happen in nanoseconds.
The research unit was set up in February 2015 and, according to a Bank of England spokesman, could report back within the next 12 months.
https://i.imgur.com/ZZdC4Fd.jpg
If approved, a virtual currency issued by the bank would pave the way for a revolutionary shake up of high street banking.
A Bank of England-issued digital currency would potentially allow British citizens to keep their money - in digital form - with the central bank itself, dispensing with the need for a retail bank. Big-ticket transactions, such as buying a house, could happen in nanoseconds.
The research unit was set up in February 2015 and, according to a Bank of England spokesman, could report back within the next 12 months.
https://i.imgur.com/ZZdC4Fd.jpg
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