Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency
Bank of England Considers Digital Currency, Underscoring Cryptocurrencys New Popularity
The Bank of England may be considering the creation of a digital currency, indicating a mainstream moment for blockchain technology.
According to a recent release, the Bank of England is considering implementing a digital currency in a similar vein to popular cryptocurrencies. Similar to Dash, this will be targeted at general use by businesses and consumers, rather than simply to facilitate bank-to-bank transfers. Unlike Dash, however, a key aspect of a Bank of England-issued token would be control over its distribution and supply by the central bank, something that operates in a fashion opposite to that of Dash. The goal, then, would be a facilitation of the present financial system, rather than the creation of a newer, freer one.