Taxpayers’ millions have yet again been squandered on a white elephant
In April 2021, the Bank of England and HM Treasury announced an initiative to investigate the creation of a “digital pound”.
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CBDC require clear benefits of use to become currency in future, says GlobalData
and newfound financial and monetary stability in emerging economies by formalising their economies via CBDC.” Bank of England launches digital pound lab Most recently, the Bank of England (BoE ...
Britain’s digital pound has all the signs of being another national white elephant
In April 2021, the Bank of England and HM Treasury announced an initiative to investigate the creation of a “digital pound”.
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Bank of England explores Ripple’s inter-ledger protocol for synchronized RTGS payments
Bank of England was able to effectively conduct a Proof of Concept (PoC) exercise in collaboration with Ripple.
The benefits of CBDCs are too great to ignore
And in some countries, well-regulated faster payment services look to accomplish many of the same objectives as CBDCs without requiring the creation of an entirely new form of money. Brazil and India ...
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CBDC News
A central bank digital currency, or CBDC, is a digital version of a region’s fiat currency, put out by the region’s monetary authority. CBDCs gained a significant spotlight in 2020 ...