-
Digital Pound Could Verify Age for Alcohol and Citizenship in UK
A digital version of the British pound may feature a way to verify the holder’s age and citizenship status, potentially smoothing the purchase of alcohol and tobacco and transactions with government agencies. The Bank of England has hired digital payments platform Nuggets to develop the digital currency’s privacy and identity features as policy makers step up preparations for the currency dubbed “Britcoin.” Nuggets Chief Executive Officer Alastair Johnson said that its technology would allow verification of a person’s citizenship and for purchasing age-restricted products such as alcohol and cigarettes. His ... (full story)