The money we use to support economic and financial activity, and the payment systems we use as we do so, are fundamental to the Bank of England’s role to maintain monetary and financial stability. Money and payments have been no stranger to technological innovation over many centuries.footnote[1] But the pace, breadth and depth of technological change we see now suggests even more radical change may be ahead of us. My aim today is to set out how the Bank of England is seeking to ensure that we will be able both to capture the benefits of these advances and to ensure they are safe. I’ll discuss how, as we consider the ... (full story)