2018-6-23 06:11 |
The Bank of England will rebuild its Real Time Gross Settlement system to interface with platforms using distributed ledger technology
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The Bank of England is planning to rebuild its Real Time Gross Settlement (RTGS) system so that it can interface with private business and platforms using distributed ledger technology (DLT), the bank’s Governor Mark Carney announced in a speech June 21.
2018-6-23 07:19 | |
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Venmo could be the ultimate cryptocurrency experience from a user-experience perspective. Any cryptocurrency that seeks to power the future of global transactions must ensure that it is supported by a payment system that is simple, user-friendly and free — like Venmo.
2018-6-11 16:51 | |
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In a new discussion paper, the U.K. central bank also said it wants to ensure stablecoins are interchangeable with the pound.
The U.K. government published plans for regulating crypto last week.
Sir Jon Cunliffe looks at payment solutions of the past and future in his last speech as deputy governor of the BOE.
The Bank of England has also started recruiting for its central bank digital currency engagement forum.
The U.K. closed a consultation on a digital pound in June, something the bank thinks is likely needed.
A retail CBDC or “enhanced” digital money would support the singleness of money and settlement finality, Andrew Bailey said, but crypto isn’t money.
The digital pound roadmap is reportedly set to be introduced next week, along with a joint public consultation.