The Bank of England announced that it plans to launch its own cryptocurrency in 2018-2019.
2017 was a year of an unprecedented success of Fintech industry and cryptocurrency world. For example, Bitcoin has shown a shocking growth in price from 800 USD in January 2017 to 14 000 USD in January 2018, Ether has also shown extraordinary growth of over 15,000% – from $8.24 to $1,314.64.
In the end of 2017, the Bank of England announced about the creating of a group to investigate the chances of developing a cryptocurrency, similar to that of Bitcoin or Ethereum. Such research teams were also created in India, China, Japan and a number of other countries in 2017.
The group of prefessionals in different fields will present a report on their research in 2018. The Bank of England representative, Mark Carney, might apply the new British cryptocurrency primarily for transactions conducted between central banks across the world.
England will launch its own cryptocurrency soon
Published by Coino.biz