Three considerations for design of the digital pound
The Bank of England is currently in the design phase for a potential UK retail central bank digital currency: the digital pound.
Digital PoundThe man in charge of the UKs effort to explore a central bank digital currency (CBDC) isnt sure whether a digital pound would actually leverage blockchain technology. Tom Mutton, the Bank of Englands director of fintech, toldBloomberg Newson theMerryn Talks Money podcast there was notable conflict at a recent meeting focussed on the tech, where […]
The post Bank of England Says Britcoin CBDC Might Not Be on a Blockchain appeared first on Currency Insider.
The Bank of England is currently in the design phase for a potential UK retail central bank digital currency: the digital pound.
Digital PoundUK Finance and its member banks have successfully completed the experimental phase of a tokenisation and CBDC platform.
CBDCBarclays, Citi UK, HSBC and Natwest participated in the Regulated Liability Network test.
CBDCBarclays published a paper exploring options for various digital pound functionality. It concludes an FMI should be responsible.
CBDC Central Bank Digital Currency Digital PoundAfter the real-time gross settlement crash in July, the BOE is looking for a solution to update the network, proposing synchronization for the revamp while considering wCBDCs as an alternative to the current system.
CBDCCBDC