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UNITED KINGDOM OFFICIALLY INTRODUCES TOKENIZED MONEY! THE LARGEST BANKS JOIN THE REVOLUTION
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A clear sign that blockchain technology is moving beyond a niche: the largest banks in the United Kingdom have just launched a live pilot to use tokenized deposits in British pounds. This is programmability applied to the money in your accounts!
๐ค The War Cry of the Bank of England
This effort follows a clear directive from the Governor of the Bank of England, Andrew Bailey, who urged the industry to prioritize the tokenization of traditional bank deposits rather than creating their own stablecoins with systemic risk. The goal is to modernize payments without leaving the regulatory framework.
A clear sign that blockchain technology is moving beyond a niche: the largest banks in the United Kingdom have just launched a live pilot to use tokenized deposits in British pounds. This is programmability applied to the money in your accounts!
๐ค The War Cry of the Bank of England
This effort follows a clear directive from the Governor of the Bank of England, Andrew Bailey, who urged the industry to prioritize the tokenization of traditional bank deposits rather than creating their own stablecoins with systemic risk. The goal is to modernize payments without leaving the regulatory framework.
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