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British Business News – Bank of England is considering Electronic Bank Notes -BBC

The Bank of England is considering the introduction of electronic banknotes for use by consumers and businesses. Governor Mark Carney said: “We are in the middle of a revolution in payments,” saying the Bank must look into how electronic money could work. He said this would complement, not replace, paper banknotes while people still wanted physical cash. But it could open the door to programmable money to integrate with home appliances or the tax system. Carney calls for crackdown on crypto-currency ‘mania’ Budget 2020: Pledges on the future of cash Banknotes have been the only way for households to make
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