The Bank of England is debating whether to issue digital currency
Would Brits like a digital fiver? The Bank of England is considering whether to issue an electronic version of its banknotes.
UK officials published a discussion paper today about the possibility of issuing a digital pound sterling, adding to the debate among central banks about how to respond to declining cash usage. The issue is particularly important in the UK, where debit cards overtook cash as the most popular form of payment three years ago; debit cards accounted for 39% of transactions in 2018, compared with 28% for physical notes and coins. […]