What's The Point Of Bitcoin?

To listen to the complete program, see:
What's The Point Of Bitcoin? (http://www.bbc.co.uk/programmes/w3csvsyh)

The Bank of England's Cryptocurrency

The Bank of England could green light its own Bitcoin-style digital currency as early as 2018, The Telegraph can disclose.

A research unit set up by the Bank is investigating the possible introduction of a crypto-currency linked to sterling.

If approved, a virtual currency issued by the bank would pave the way for a revolutionary shake up of high street banking.

A Bank of England-issued digital currency would potentially allow British citizens to keep their money - in digital form - with the central bank itself, dispensing with the need for a retail bank.Big-ticket transactions, such as buying a house, could happen in nanoseconds.

To read the complete article, see: http://www.telegraph.co.uk/news/2017/12/30/bank-england-plots-bitcoin-style-digital-currency/(http://www.telegraph.co.uk/news/2017/12/30/bank-england-plots-bitcoin-style-digital-currency/)