Central Banking

Questions need to be answered before DL technology becomes viable payments option – BoE’s Hauser

andrew-hauser
Andrew Hauser, the BoE's executive director for banking, payments and financial resilience. Image: Andrew Hauser
BoE

Distributed ledger (DL) technology is unlikely to be integrated into the payments landscape in the near term, as many "big questions" remain unanswered, the executive director for banking, payments and financial resilience at the Bank of England has said.

Speaking at Swift's Sibos conference in Geneva, Andrew Hauser lamented that DL technology was still very much in the "realm of research rather than implementation" but said it could, in the medium to long term, be used to issue central bank

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

FedNow – at last

The instant payment system might help fix the US’s rusty payment rails, but it also faces competition, says Dave Birch

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.