(ETH) – The US isn’t alone on their quest for creating a “Digital Currency”. A new report from MSN just revealed that the Bank of England is reviewing whether it should create a central bank-backed digital currency, according to governor Andrew Bailey.


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“We are looking at the question of, should we create a Bank of England digital currency,” Bailey said Monday in a webinar event with students. “We’ll go on looking at it, as it does have huge implications on the nature of payments and society.” “I think in a few years’ time, we will be heading toward some sort of digital currency,” he added.

The BOE is part of a group of major central banks teaming up to assess potentially developing their own digital currencies, acknowledging their role is being challenged by new technologies and private sector initiatives such as Facebook Inc.’s Libra. It could be some time before the U.K. central bank is able to fully devote its attention to such a development. READ MORE

 

Ricky Scaparo is the pastor and founder of the international ministry End Time Headlines. A ministry that provides resources to equip believers and to inform the discerning of the signs and seasons in which we live. His mission is to inform his readers and viewers of prophetic events and how they are unfolding before our very eyes through news and headlines presented from a prophetic perspective in light of the Holy Bible.

MSN is a web portal and related collection of Internet services and apps for Windows and mobile devices, provided by Microsoft and launched on August 24, 1995, the same release date as Windows 95.