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Thursday, March 12, 2020

Digital Bank of England banknotes?

Some indication that major countries are considering/testing possible implementations.

Is this the digital future for Bank of England banknotes?    By Kevin Peachey in the BBC

Personal finance reporter
The Bank of England is considering the introduction of electronic banknotes for use by consumers and businesses.

Governor Mark Carney said: "We are in the middle of a revolution in payments," saying the Bank must look into how electronic money could work.

He said this would complement, not replace, paper banknotes while people still wanted physical cash.

But it could open the door to programmable money to integrate with home appliances or the tax system.   .... " 

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