The Bank of England may introduce a digital pound if commercial banks fail to innovate payment systems effectively. BoE integrated Ripple’s Interledger Protocol into its RTGS system to explore advanced payment technology. The Bank of England (BoE) is

Amid growing fears that Britcoin, the UK’s central bank digital currency (CBDC), is going to supplant cash, Bank of England (BOE) governor Andrew Bailey said that the central bank will continue to supply cash “for as long as people want.” Bailey was

Bank of England warns that failure to modernize central bank money could shift wholesale settlements to private assets, potentially risking financial stability. A Bank of England executive warns that failing to adapt central bank money to emerging te

TLDR The Bank of England (BoE) plans to conduct experiments with wholesale CBDCs and distributed ledger technology The experiments will test settlement capacity, interoperability, and various transact

The Bank of England (BoE) wants to test distributed ledger technology (DLT) and wholesale central bank digital currencies or CBDC (wCBDC). These experiments will map the dynamics of the payments lands