Central Bank Digital Currency

  • HM Treasury and Bank of England consider plans for a digital pound

    The digital pound is an exciting new form of money issued by the Bank of England that has the potential to revolutionise our day-to-day spending. The digital pound could be used in-store or online to make payments, meaning that people no longer need to carry cash around or use physical debit/credit cards. It also removes the need for middlemen such as banks and payment processors, meaning transactions are more secure, faster and cheaper. The digital pound is a type of central bank digital currency (CBDC) which is a digital form…

    February 11, 2023
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