{"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='Open banking for the corporate sector'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/open-banking-for-the-corporate-sector\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2019\/06\/open-banking-for-the-corporate-sector-150x150.png\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-13051\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-13051'>\n\t\t\t\tOpen banking for the corporate sector\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='Fintech For Good: Fact or Fantasy'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/fintech-for-good-fact-or-fantasy\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2023\/07\/business-finance-investment-saving-corruption-concept-close-up-dollar-cash-money-piggy-bank-abstract-low-poly-triangle-dot-line-polygon-shine-blue-background-vector-illustration_58742-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-17168\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-17168'>\n\t\t\t\tFintech For Good: Fact or Fantasy\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='Visa awards Alfa-Bank Kazakhstan for successful launch of Beeline card'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/visa-awards-alfa-bank-kazakhstan-for-successful-launch-of-beeline-card\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2018\/02\/woman-credit-shopping-smartphone-manager_1262-2761-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-8587\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-8587'>\n\t\t\t\tVisa awards Alfa-Bank Kazakhstan for successful launch of Beeline card\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}]}}