The Bank of England is still mulling over which technology will underpin its Central Bank-Backed Digital Currency (CBDC). All other central banks are using Blockchain technology to issue their national digital currencies. However, the Bank of England has not decided on it yet. The head of the BOE's CBDC project, Tom Mutton, said that all options are on the table as the central bank continues its research on whether building a digital pound, dubbed as Britcoin, is worth it. ...
The Bank of England is still mulling over which technology will underpin its Central Bank-Backed Digital Currency (CBDC). All other central banks are using Blockchain technology to issue their national digital currencies. However, the Bank of England has not decided on it yet. The head of the BOE's CBDC project, Tom Mutton, said that all options are on the table as the central bank continues its research on whether building a digital pound, dubbed as Britcoin, is worth it. ...
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