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Ex-Bank of England economist blasts digital pound as costly, useless project - TECHTELEGRAPH

Summary by TECHTELEGRAPH

A former Bank of England economist says there is “no customer demand” for the digital pound, calling it a costly project with unclear benefits. Ex-Bank of England economist appears to be highly critical of the digital pound initiative, saying it is a “costly, useless project” with “no customer demand.” Neil Record, writing in an op-ed for The Telegraph, argued that the push for a digital currency is more about protecting the central bank’s finan…

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Ex-BoE economist: “no nearer to a digital pound being launched”

The Bank of England has already spent £24 million on the digital pound project Neil Record, a former BoE economist said the bank is “no nearer to a digital pound being launched” Record believes the project is more for the bank than the public A former Bank of England (BoE) economist has said there’s “no […] The post Ex-BoE economist: “no nearer to a digital pound being launched” appeared first on CoinJournal.

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