This is my response to the Future of Payments’ call for input.
You can download it here.
The call for input used that terrible cliché ‘payment journeys’, and I re-interpreted that as meaning journeys to a utility room to rinse out and eradicate Retained EU Law and the wider market practices, ways-of-thinking, detriments and trends that constitute […]
‘Digital pound’ consultation
We have sent an addendum to our previous response to this consultation on the ‘digital pound’.
Its message is that the ‘digital pound’ will not be a form of ‘central bank money’ if its so-called Distribution Model replicates what happens in the Visa and Mastercard ecosystems on three points.
The consultation papers were vague on […]
Introduction
Central banks have undertaken many investigations, pilots and proofs-of-concept into Central Bank Digital Currencies (CBDCs), proving little beyond the lack of a convincing case in their favour, but unearthing many risks, drawbacks and unanswered questions.
Recent material from Sweden, Japan, the European Parliament, the UK’s House of Lords […]
Bank of England’s ‘consultation’ on the ‘digital pound’
We previously issued a paper on the YouGov surveys that the Bank of England commissioned to support its work on the ‘digital pound’, the outcome of which work is out for consultation.
We have responded to both the Consultation Paper and the accompanying Technology Working Paper.
Those responses are contained […]
Bank of England ‘consultation’ on the digital pound
We have analysed the Technology Working Paper which accompanies the Bank of England’s Consultation Paper on the ‘digital pound’, and responded to the survey.
You can download our responses to the survey questions here.
The UK’s ‘digital pound’, often referred to as ‘Britcoin’, will be a Central Bank Digital Currency […]
‘Consultation’ on the digital pound
We have responded to this consultation, although it is a sham.
You can download our response here.
The points on which the Bank of England has chosen to consult are narrow, and avoid the most important questions about the ‘digital pound’, which can only be referred to tangentially in a response.
This […]
We have analysed the two YouGov surveys issued by the Bank of England and HM Treasury in connection with the public consultation on ‘Britcoin’: the plans for a UK Central Bank Digital Currency.
There is one survey for Small and Medium-Sized Enterprises, and one for Consumers.
They both consistently over-egg the current take-up of digital payments – […]
Our recent research paper on Britcoin examined several of the failures in the digital payments industry that have gone unresolved.
The paper is entitled ‘CAPTURE – BigTech and Digital Payment Giants dominate the committees evaluating the replacement of physical cash with ‘Britcoin’ – a UK ‘Central Bank Digital Currency’’.You can find a click-through to the full paper here:http://www.lyddonconsulting.com/capture-a-major-new-paper-on-the-committees-considering-a-uk-central-bank-digital-currency/
The digital payments industry seems to enjoy the […]
Our recent research paper on Britcoin examined several of the failures in the digital payments industry that have gone unresolved.
The paper is entitled ‘CAPTURE – BigTech and Digital Payment Giants dominate the committees evaluating the replacement of physical cash with ‘Britcoin’ – a UK ‘Central Bank Digital Currency’’.You can find a click-through to the full paper here:http://www.lyddonconsulting.com/capture-a-major-new-paper-on-the-committees-considering-a-uk-central-bank-digital-currency/
There has been much noise from the government […]
UK payments have, over the last ten years, become increasingly digital and become the domain of a technocratic elite, working in tandem with Big Tech and the major payment card brands.
The UK’s ‘digital payments journey’ thus far has left an amount of damaging debris on the road behind it: Authorized Push Payment Fraud, inflationary Deductions-from-face-value […]