England’s central bank has reportedly begun hiring workers to develop its digital currency. The Bank of England (BOE) wants to create a team of up to 30 people to oversee its central bank digital currency (CBDC) project, according to a Saturday (April 8) report by...
Programmability has been pegged as one of the major draws of digital currencies and one of innovative services that central bank digital currency (CBDCs) could help facilitate. But there is a distinction to be made between programmable payments — setting predefined terms for a payment...
In today’s top news in digital-first banking, Philip Drury has been chosen to lead an investment banking group for Citigroup that is focused on firms in telecom, data, entertainment, media and tech, while the United Kingdom is looking at the benefits of a so-called “Britcoin”...
April 06, 2023
Programmability has been pegged as one of the major draws of digital currencies and one of innovative services that central bank digital currency (CBDCs) could help facilitate. But there is a distinction to be made between programmable payments — setting predefined terms for a payment to be initiated — and programmable money. In fact, at […]
October 27, 2024
If the U.K. adopts a digital currency, citizens shouldn’t expect cash and coins to disappear. That’s according to Bank of England Governor Andrew Bailey, who said Saturday (Oct. 26) that the central bank will continue to provide paper money “for as long as people want.” “The evidence is they do want it, so we will […]
April 09, 2023
England’s central bank has reportedly begun hiring workers to develop its digital currency. The Bank of England (BOE) wants to create a team of up to 30 people to oversee...
