As New York's experience shows, you don't need a fancy electronic currency to go cashless. But cryptocurrencies are having their day in the sun, and will likely play a
big part in the financial world of the future. -Editor
What’s The Point Of Bitcoin?
Arthur Shippee forwarded this half hour BBC World Service program on the past, present, and future of Bitcoin and its technologies. Thanks. Sounds like a great overview.
To listen to the complete program, see:
What’s The Point Of Bitcoin? (http://www.bbc.co.uk/programmes/w3csvsyh)
The Bank of England's Cryptocurrency
Meanwhile, here's an article from The Telegraph about the Bank of England's plans to offer its own cryptocurrency. -Editor
The Bank of England could green light its own Bitcoin-style digital currency as early as 2018, The Telegraph can disclose.
A research unit set up by the Bank is investigating the possible introduction of a crypto-currency linked to sterling.
If approved, a virtual currency issued by the bank would pave the way for a revolutionary shake up of high street banking.
A Bank of England-issued digital currency would potentially allow British citizens to keep their money - in digital form - with the central bank itself, dispensing with the need for a retail bank.
Big-ticket transactions, such as buying a house, could happen in nanoseconds.
To read the complete article, see: http://www.telegraph.co.uk/news/2017/12/30/bank-england-plots-bitcoin-style-digital-currency/
Wayne Homren, Editor
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