England will launch its own cryptocurrency soon

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2018-01-11
England will launch its own cryptocurrency soon

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.

CRYPTOCURRENCIES
  • bitcoinBitcoin$3,965.96
  • ethereumEthereum$147.86
  • rippleXRP$0.321330
  • tetherTether$1.00
  • eosEOS$3.85
  • stellarStellar$0.090715
  • litecoinLitecoin$49.12
  • cardanoCardano$0.045766
  • tronTRON$0.024888
  • moneroMonero$50.47
  • iotaIOTA$0.301586
  • nemNEM$0.043976
  • dashDash$85.63
  • neoNEO$8.70
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