Previous discussion papers issued by the BoE have indicated, however, that, if it were to issue a CBDC, it would be within a two-tier system, sitting alongside cash and bank deposits rather than displacing them.
But are we not already using digital in the form of credit/debit card?The world will take notice if the UK introduces its own digital currency. Credit:Bloomberg
The Bank of England said no decision had yet been made on whether to issue a CBDC (central bank digital coin).
Previous discussion papers issued by the BoE have indicated, however, that, if it were to issue a CBDC, it would be within a two-tier system, sitting alongside cash and bank deposits rather than displacing them.
I`m still confused
