‘Britcoin’ may edging closer after a speech by Sir Jon Cunliffe, deputy governor for financial stability at the Bank of England.
"We could now, in payments, be in a ‘Blackberry’ world about to see the introduction of the ‘iPhone’," Cunliffe said.
He said it was looking probable that “if we want to retain public money capable of general use and available to citizens, the state will need to issue public digital money that can meet the needs of modern day life.”
The BOE and the UK Treasury said last month they were exploring a potential national digital currency, dubbed "Britcoin" by the press.