{"id":10542,"date":"2018-08-20T05:25:25","date_gmt":"2018-08-20T05:25:25","guid":{"rendered":"http:\/\/bulletins.bfconsulting.com\/?p=10542"},"modified":"2018-08-20T05:25:25","modified_gmt":"2018-08-20T05:25:25","slug":"bank-of-england-to-open-new-blockchain-based-payment-system","status":"publish","type":"post","link":"https:\/\/bulletins.bfconsulting.com\/en\/bank-of-england-to-open-new-blockchain-based-payment-system\/","title":{"rendered":"Bank of England to open new blockchain-based payment system"},"content":{"rendered":"<p>The Bank of England is conducting a full review of its interbank payment system, including studying the possibility of transitioning to an updated version of the real-time gross settlement service (RTGS) within the next two years. RTGS is a blockchain system that facilitates settlements between financial institutions. Last year, the bank also partnered with a San Francisco-based startup to test a blockchain-based interledger system designed to synchronize payments between central banks. Although bank officials at the time considered blockchain technology as not yet ready, the upcoming withdrawal of the United Kingdom from the European Union (EU) has prompted officials to pay increased attention to what FinTech startups have to offer.<\/p>\n<div class=\"rpbt_shortcode\">\n\n<div id='rpbt-related-gallery-1' class='gallery related-gallery related-galleryid-10542 gallery-columns-3 gallery-size-thumbnail'><figure class='gallery-item' role='group' aria-label='How FinTech is uberizing banking'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/how-fintech-is-uberizing-banking\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2018\/08\/fintech-will-uberize-banking-150x150.png\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-10554\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-10554'>\n\t\t\t\tHow FinTech is uberizing banking\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='Banks need to become Lords of Data'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/banks-need-to-become-lords-of-data\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2016\/10\/https_2F2Fcdn.evbuc_.com2Fimages2F361493682F943099878492F12Foriginal-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-3679\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-3679'>\n\t\t\t\tBanks need to become Lords of Data\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='Data scientists: the new investment bankers'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/data-scientists-the-new-investment-bankers\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2020\/09\/1dc2af50-e13c-44be-b7f9-0b8bcf707c291-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-15355\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-15355'>\n\t\t\t\tData scientists: the new investment bankers\n\t\t\t\t<\/figcaption><\/figure>\n\t\t<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>The Bank of England is conducting a full review of its interbank payment system, including studying the possibility of transitioning to an updated version of the real-time gross settlement service (RTGS) within the next two years. RTGS is a blockchain system that facilitates settlements between financial institutions. Last year, the bank also partnered with a &hellip;<\/p>\n","protected":false},"author":5,"featured_media":10650,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10,292],"tags":[45,287,70,335],"_links":{"self":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/10542"}],"collection":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/comments?post=10542"}],"version-history":[{"count":4,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/10542\/revisions"}],"predecessor-version":[{"id":10723,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/10542\/revisions\/10723"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media\/10650"}],"wp:attachment":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media?parent=10542"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/categories?post=10542"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/tags?post=10542"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}