19 min listen
What’s A ‘Britcoin’?
FromBloomberg Crypto
ratings:
Length:
15 minutes
Released:
Mar 1, 2023
Format:
Podcast episode
Description
The Bank of England and the UK Treasury are moving forward with a plan to launch a digital currency. It’s being called the CBDC, or Central Bank Digital Currency, dubbed (or nicknamed) 'Britcoin.'The action is part of a global effort to stay ahead of various new currency options and prepare for a future in which consumers adopt card payments backed by companies instead of by governments. But, some critics are calling it a "solution in search of a problem", particularly in light of the country's already-strong fintech industry. Senior editor Philip Lagerkranser and reporter Emily Nicolle discuss the implications.
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Subscribe to the Bloomberg Crypto Newsletter at https://bloom.bg/cryptonewsletter See omnystudio.com/listener for privacy information.
Released:
Mar 1, 2023
Format:
Podcast episode
Titles in the series (100)
Celebrities and NFTs by Bloomberg Crypto