/biz/ - Business & Finance

bank of england

fintech accelerator proof of concept

>The UK has long been a pioneer in financial services and will remain at the forefront of technological innovation
>New technologies such as stablecoins – privately-issued digital currencies – could transform the way people store and exchange their money, making payments cheaper and faster
>And as the UK takes a leading role in the global conversation on Central Bank Digital Currencies, the Chancellor welcomed work by HM Treasury and the Bank of England to consider whether and how central banks can issue their own digital currencies as a complement to cash.

https://www.gov.uk/government/news/chancellor-sets-out-ambition-for-future-of-uk-financial-services