Digital Currency Is The Preferred Method Of Transaction According To Bank Of England

The Bank of England published a poll earlier this week on Twitter, asking all of the followers what their preferred method of receiving Christmas gifts in money form is and in our latest crypto news we tell you the score.

According to the poll, despite the many options users could choose from, digital currency is leading the way with 70 percent of the votes.

The meaning behind the poll is still uncertain. Some think that it has a secret meaning since the UK financial regulator is yet to clarify the stand on cryptocurrencies. This tweet can mean that the Bank of England is trying to find out how high is the public’s interest in cryptocurrencies.

The Bank of England has taken some serious steps to regulate the crypto sector and implement blockchain into their systems. The Governor of the BoE Mark Carney pointed out that cryptocurrencies are still not showing their true role as money in the British economy. However, he remained open for a Central Bank-issued digital currency.

The bank also allowed both traditional private systems and systems that are based on the distributed ledger to use the bank’s network. Carney noted:

 “RTGS is being re-built so that new private payment systems, including those using a distributed ledger, can simply plug into our system. Our new, hard infrastructure will be future-proofed to your imaginations, opening up a range of potential innovations in wholesale markets, and corporate banking and retail services.”

There is still some that think the tweet is not something to take into consideration but we can only wait so we can find out the true meaning of the bank’s intention and meaning of the tweet.