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Category Bank of England

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UK Tests Offline CBDC Payments—What This Means for Bitcoin and Privacy Coins

UK Tests Offline CBDC Payments—What This Means for Bitcoin and Privacy Coins

Offline CBDC payments are being tested right now by the Bank of England as part of their ongoing…
Bank of England explores Ripple’s inter-ledger protocol for synchronized RTGS payments

Bank of England explores Ripple’s inter-ledger protocol for synchronized RTGS payments

Bank of England was able to effectively conduct a Proof of Concept (PoC) exercise in collaboration with Ripple.
Ex-Bank of England Economist Says Digital Pound is a ‘White Elephant,ʼ Costly and Useless

Ex-Bank of England Economist Says Digital Pound is a ‘White Elephant,ʼ Costly and Useless

The Bank of England's digital pound project faces criticism from former economist Neil Record, who labels it a costly "white elephant" lacking publ...
Bank of England deputy governor warns of increased inflation risks

Bank of England deputy governor warns of increased inflation risks

Dave Ramsden, the Bank of England deputy governor, said the United Kingdom’s inflation risks had increased in the past few months. The policymaker ...
Pound sterling GBP outperforms the euro and the dollar amid stronger economic data

Pound sterling GBP outperforms the euro and the dollar amid stronger economic data

The Great British Pound has outperformed other leading currencies in February amid positive economic data. The currency rallied by 1.8% against the...