Recent remarks from Bank of England Governor Andrew Bailey at the (virtual) edition of the World Economic Forum conference last month bode well for traditional digital payment purveyors, per CoinDesk.
Bailey stressed at a Davos panel that digital innovation in payments is here to stay and that it’s just a matter of finding the right design and governance model for a “lasting digital currency.”
The banker was less keen on alternative methods of digital payments, such as using cryptocurrencies. “I don’t think cryptocurrencies as originally formulated are it,” he said of cryptocurrencies as a mainstream consumer vehicle for digipayments, citing the volatility of coins, such as Bitcoin, as one reason.
This article was written by Danny Nelson from CoinDesk.
