BritCoin: The Future of Digital Currency in the UK?
New virtual currencies are popping up on a weekly, sometimes even daily basis. By the end of December, 2013, there were 67 virtual currencies open for business and the number has grown to well over 100 since that time. But, perhaps surprisingly, the United Kingdom has not been home to even one of those new currencies, until now. On June 27, 2014, a new cryptocurrency was announced and it was developed and is now based in the United Kingdom. Dubbed “Britcoin” the new currency is designed the same way as Bitcoin but has a number of very interesting and attractive new features that could....
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Will Thomas, founder of Britcoin, gives us a deeper look into the ever growing popularity of national cryptocurrencies and why they're important to people. We'll also take a look at the path Britcoin has taken and what the future might hold. We'll meet the developers to find out what exactly makes this coin tick. Previously, CCN has had Britcoin as the Random Coin of the Day. If you'd like to learn even more about Britcoin, such as mining information and where you can trade the coin, have a look. Britcoin Exclusive Interview. Why is a national cryptocurrency necessary? We believe national....
Britcoin is today's Random Coin of the Day for its dedication to making a chiefly British cryptocurrency. The new fad in the cryptocurrency market is that of national cryptocurrencies, but Britcoin takes this a step further and has launched a way for British citizens to buy Britcoin directly. Not only can you buy Britcoins with your British bank account, but they're implementing a way to spend Britcoin anywhere Bitcoin is accepted. Britcoin Review. The following information was researched on the Britcoin website and BitcoinTalk thread. Market Cap: $22,026 USD. Maximum coins issued: 10....
The Bank of England is playing a very strange game right now. The institution is keen on issuing its own national virtual currency. However, they are still no fan of Bitcoin, as they feel the currency is “peppered with flaws.” Such a statement is not entirely surprising, though, as no banks have a vested interest in embracing a digital currency they cannot control. Interestingly enough, a representative of the Bank of England has announced the UK will not adopt a central digital currency anytime soon. While Bitcoin is not centralized by any means, this could indicate they will not go ahead....
Nigel Green has reportedly commented on the UK's new CBDC initiative, remarking how it might backfire and help propel Bitcoin adoption.
The future could be one wherein the Australian dollar could cease to exist through physical notes and coins to become digital instead. In a recent speech given by Tony Richards, head of the Reserve Bank of Australia (RBA)’s payments policy department, he revealed that the RBA had kept a watchful eye on the growth in demand for digital currencies such as Bitcoin, to speculate and believe that Australia will, in the future, have a central-bank-issued digital currency. In a report by the Sydney Morning Herald today, the RBA sees a future wherein digital dollars will circulate and co-exist....