HM Treasury, the Bank of England, FCA and PSR sketched a retail-payments stack built for multiple forms of digital money, including programmable payments that rely on tokenisation. The planned core infrastructure would provide shared clearing and messaging through a single scheme operator, while payments between customers of different money issuers still settle in central bank money at the Bank of England. Tokenized payments get acknowledged, but only inside regulated private-money, consumer-protection and financial-crime frameworks tied to the RPIB consultation.

TLDR by @Benthic

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