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The E-Sylum: Volume 20, Number 54, December 31, 2017, Article 31

BITCOIN AND THE BANK OF ENGLAND'S CRYPTOCURRENCY

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?
Bitcoins

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. -Editor

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

Bank of England Bitcoin 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/ (http://www.telegraph.co.uk/news/2017/12/30/bank-england-plots-bitcoin-style-digital-currency/)

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Wayne Homren, Editor

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