Altcoins Talks - Cryptocurrency Forum
Further Discussions => Banks & Cryptos => Topic started by: Tanimariya on June 18, 2021, 02:30:15 PM
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The fintech lead at U.K.’s central bank urged eco-conscious citizens not to “throw the blockchain baby out with the bitcoin bathwater.”
According to the Bank of England’s fintech director, the technology behind central bank digital currencies (CBDC) could be “tens of thousands of times more efficient per transaction” than bitcoin (BTC, -3.04%).
During his speech at the Future of FinTech Conference on Thursday, Tom Mutton gave attendees an overview of the Bank of England’s current standing on CBDCs. Much of Mutton’s speech reiterated the bank’s noncommittal interest in the development of a CBDC and its purported commitment to keeping cash “available for as long as [people] wish to use it.” Source Link
(https://www.coindesk.com/bank-of-england-any-uk-cbdc-will-be-tens-of-thousands-times-more-efficient-than-bitcoin)