The Bank of England (BoE) is ramping up its efforts to research and develop fintech and understand distributed ledger technology (DLT). During the recent launch of UK’s FinTech Accelerator program, BoE chief cashier Victoria Cleland discussed the firm’s technology options with blockchain protocol.
Also read: Bank of England: Digital Currency Can Raise GDP ‘By Almost 3%’
BoE Executive Says DLT Questions Need Exploring
The BoE accelerator began in London, focusing solely on RD efforts in a working partnership with fintech firms. The program will develop innovative technologies on “issues that matter to the Bank’s mission and operations,” the company said.
Cleland’s speech focused around the bank’s intentions to explore fintech and distributed ledger technology. She said:
We also need to understand the technology options. Could, and should CBDC be delivered
Read more ... source: TheBitcoinNews
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