How Could Digital Currency Work?

The Bank of England and the UK Treasury have announced a Central Bank Digital Currency (CBDC) Taskforce to coordinate the exploration of a potential British CBDC. But how could a digital Pound actually work? As it happens, this is something that Consult Hyperion knows rather a lot about. Apart from our work on the first British central bank digital currency (Mondex) back in the 1990s, our work on the first population-scale mobile money scheme (M-PESA) in the 2000s and our work on the most transformational contactless payment roll-out (Transport for London) in the 2010s, our practical experience across implementation platforms means that we understand the architectural options better than anyone.

Contact-free public transport (Part 3)

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This is the third of three blogs about technologies to support contact-free use of public transport.

The radio again – I hear that the Transport Minister for England had just reported that there have been fewer than 400 fines for people failed to wear face covering on public transport. More than 115,000 travellers have been stopped and reminded that face coverings are mandatory, and 9,500 people prevented from travelling.

We still haven’t finished talking about mobile wallets

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I had assumed that the world had got bored with talking about mobile wallets by now, but that certainly wasn’t the case in London last week, where I had the great fun of chairing a couple of discussion panels on the topic and found new perspectives on the likely marketplace trajectory.

The real wallet wars are about to begin, and they’re not about payments

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The most important thing in digital wallets will be identity, not money. If you’re sick of listening to me about this, listen to @Jack.


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