Topic Reading-Vol.2897-3/17/2020

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Topic Reading-Vol.2897-3/17/2020

英語で世界を知ろう!Topic Reading

2020/03/17 Topic Reading-Vol.2897-3/17/2020

Dear MEL Topic Readers,

Is this the digital future for Bank of England banknotes?

Which money do you prefer, paper or digital? While many people still prefer using hard cash like Japan or Italy, people in America and Korea have been used to use plastic cards like Visa or Master. In China, most of the consumers seem to have abandoned the use of cash or card and instead, pay nearly everything by their smartphones. So, what is the future of currency?

Now, the Bank of England is thinking about introducing electronic banknotes for consumers and businesses. It is not intended to replace paper banknotes but to complement them. The digital currency is not the money currently held in the bank or transmitted among individuals and businesses. Unlike encrypted currencies, it is a new form of money issued by the central bank and is guaranteed to have the same value as already issued paper money. So, instead of withdrawing banknotes from an ATM, you could load digital money to your account.

Sounds assured? You may have a choice in the future if you want the salary paid by paper or digital.

Enjoy reading the article and think if digital currency adds more benefits or convenience.

https://www.bbc.com/news/business-51851523

MEL School 三鷹
電話:0422-27-5366
住所 〒181-0013 東京都三鷹市下連雀3-33-13 三鷹第二ビル101
営業時間:電話受付15時~17時 定休日:日曜日

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