• Forum has been upgraded, all links, images, etc are as they were. Please see Official Announcements for more information

Bank of England Considers Digital Currency, Underscoring Cryptocurrency’s New Popularity

Status
Not open for further replies.

Mark Mason

Well-known member
Bank of England Considers Digital Currency, Underscoring Cryptocurrency’s New Popularity

Bank-of-England.jpg


The Bank of England may be considering the creation of a digital currency, indicating a mainstream moment for blockchain technology.

According to a recent release, the Bank of England is considering implementing a digital currency in a similar vein to popular cryptocurrencies. Similar to Dash, this will be targeted at general use by businesses and consumers, rather than simply to facilitate bank-to-bank transfers. Unlike Dash, however, a key aspect of a Bank of England-issued token would be control over its distribution and supply by the central bank, something that operates in a fashion opposite to that of Dash. The goal, then, would be a facilitation of the present financial system, rather than the creation of a newer, freer one.

Read more: https://www.dashforcenews.com/bank-...-underscoring-cryptocurrencys-new-popularity/

 
Status
Not open for further replies.
Back
Top