What’s A ‘Britcoin’?

The Bank of England and the UK Treasury are moving forward with a plan to launch a digital currency. It’s being called the CBDC, or Central Bank Digital Currency, dubbed (or nicknamed) ' Britcoin .' The action is part of a global effort to stay ahead of various new currency options and prepare for a future in which consumers adopt card payments backed by companies instead of by governments. But, some critics are calling it a "solution in search of a problem", particularly in light of the country's already-strong fintech industry. Senior editor Philip Lagerkranser and reporter Emily Nicolle discuss the implications.

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What’s A ‘Britcoin’? is an episode from Bloomberg Crypto by iHeartPodcasts and Bloomberg.

This episode is 14:34 long.

This episode was published on Mar 1, 2023.

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