Britcoin, New Digital Currency

Britcoin, New Digital Currency

UK considers new digital currency, Britcoin - Punch Newspapers

The most widely read newspaper in Nigeria

4/19/2021 11:50:00 PM

UK considers new digital currency , Britcoin - Punch Newspapers

The most widely read newspaper in Nigeria

7:44 pmBritain is looking into the possibility of creating a digital currency that households and businesses could use instead of cash – an initiative the finance minister dubbed “Britcoin”.The use of cash has fallen during the coronavirus pandemic as people try to avoid contact, and several central banks across the world are considering whether to create digital money that would allow online payments without going through banks.

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The Bank of England and Treasury announced Monday the creation of a Central Bank Digital Currency Taskforce to look into a potential UK CBDC.“A CBDC would be a new form of digital money issued by the Bank of England and for use by households and businesses,” the central bank said in a statement.

“It would exist alongside cash and bank deposits, rather than replacing them,” it added.Finance minister Rishi Sunak replied to a tweet of the announcement with the question “Britcoin?” – a play on words on the bitcoin cryptocurrency whose value has soared in recent months.

Read AlsoUnlike with cryptocurrencies, which are out of the reach of state entities since they are issued in a decentralised and encrypted system, central banks would have control over digital money.China is trying out its own digital currency in a pilot programme, while European Central Bank will decide this summer whether to move towards creating a digital euro.

The Bank of England said the CBDC task force will use a forum to look at the “practical challenges of designing, implementing and operating a CBDC”.It will also consider the data and privacy implications of a digital currency. Read more: The Punch Newspapers »

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cenbank is time for Nigeria to have its own naijacoin oluseed Instead of Nigeria to be thinking of creating Nigcoin the government is banning the new revolution. When a new wave is about to erupt nothing can stop it. Nigeria is still in the analog stage and the Govt is not willing to move forward. Buhari coming up with naijacoin soon 😂

Must it be Britcoin? Why not just call it BRIT (BRT)? CBN left the group 🤣😂🤣 And our Government is banning it... What a word and opposite 😂😂 cenbank Hope you guys are seeing this🤦🏻‍♂️ NINcoin 🇳🇬 Nairacoin will be launched soon

IPOB/MASSOB members’ asylum: FG may summon British envoy, Ohanaeze, Afenifere back UK - Punch NewspapersThe most widely read newspaper in Nigeria FG enemy of progress Only GHTs deserve asylum because they’re now repentant bandits or Sheikh Gumi’s Forest Children. They kidnap/kill/rape civilians and security agencies only by MISTAKE.

The fall of Bitcoin and others is around the corner. If you are holding, I advise you sell. CBN ban everything. Take us to the Neanderthals We trading this one together Punch what is this? Nigeria, how are you? dr_spex Naija - Naijcoin (when them finally get sense be dat) NaijaKoin loading, I believe my country..

Love to hear this news Emefiele CBN idiot and Nigerian Govt keeps banning, being shocked and surprised

Iran claims UK ready to pay £400m for citizen's release -Report - Punch NewspapersThe most widely read newspaper in Nigeria G2G Ransom...... osheyyyyyyy I remember the US paying similar during Obama’s time Copy and paste. Acknowledge references please! Wait is that a ransom ?

CBN out of the world banking system group OrimoneyTope They will still do BrexitFromCurrency in future. UK is not serious.

Insecurity: 233 NAF pilots undergoing training in US,UK, SA —Amao - Punch NewspapersThe most widely read newspaper in Nigeria If they don’t kill them accidentally Mtchew Good one bring them back, we need them tow work on Imo

Terrorism in Nigeria complex, says UK minister - Punch NewspapersThe most widely read newspaper in Nigeria They made it so RAMADAN BONANZA For d First 20 people. Get Ur Business Logo Design 4 Just 1000, Previous Price Was 3000 Limited Time offer. Message Me Directly Or Click on the link below 2 chat me up on WhatsApp. 👇🏽👇🏽👇🏽👇🏽👇🏽 Nigeria as a Country is complex, this British colony has been a disaster from her inception.

IPOB/MASSOB asylum: Offer to protect those who need it, UK replies Federal Govt - Punch NewspapersThe most widely read newspaper in Nigeria Abi na GOD WILL PUNISH WHO EVER THAT IS ( DISCUSSING & TALKING ) ABOUT ( ASYLUM ) TO - BIAFRA , INSTEAD OF ( REFERENDUM ) , - GOD WILL PUNISH ALL OF YOU WITH ( DEATH ) - SOON , FREEDOM FROM THE DAMNABLE ZOOLOGICAL REPUBLIC.