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Bank of America Says UK CBDC Would Be More Than a Digital Form of Cash

Bank of America Says UK CBDC Would Be More Than a Digital Form of Cash

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Given that customers maintain solely small quantities in money, there could be larger comfort in switching a present account into Britcoins, BoA mentioned. That could possibly be an space of concern for business banks. Checking accounts, or present accounts as they’re referred to as within the U.Okay., are the lifeblood of business banks’ enterprise fashions, offering them with steady funding over a long run.

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