Reply to post: I'm somewhat confused.

Bank for central banks admits decentralised cryptocurrencies are a pretty good idea

The Nazz

I'm somewhat confused.

Surely, the usual banks already offer and transact in "digital cash", online transactions, debit cards, standing orders etc? Denominated in GBP. US $, Euro's , Yen etc

Granted, they are not cryptocurrencies backed by blockchains.

Apple Pay, Paypal etc, aren't they also "digital cash"? Being ignorant of these, does Apple process all transactions themselves or is each and every one processed through a normal bank?

POST COMMENT House rules

Not a member of The Register? Create a new account here.

  • Enter your comment

  • Add an icon

Anonymous cowards cannot choose their icon