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Bank of England’s Carney Says There Is Clearly a Future for Digital Payments, Even if True Digital Currencies May Still Be a Way Off
2019-01-10 11:14

Mark Carney said that the Bank of England must also keep pace with changes in the economy. Somewhat of a hint in further monitoring the development of digital currencies. He detailed, “there is clearly a future for digital payments, even if true digital currencies may still be a way off.” Further pointing out flaws of Bitcoin, Carney said, “the speed and cost of the transaction is slower and more expensive than payments in sterling. For example, Visa can process up to 65,000 transactions per second globally against just 7 per second for Bitcoin.” (FXStreet)

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