Tagbritain

Could Britain Become Cashless by 2043?

An online casino is predicting that Britain could become a cashless society by 2043 when the number of transactions undertaken with cash reaches zero percent. In a report from Finextra, Gala Casino, a popular online casino in the U.K., looked at how cash is declining from usage data from 2004 to 2014. Figures show that it has dropped from 71 percent to 53 percent. The online casino also looked at...

UK Government Considers Blockchain for 'Digital Strategy' Plan

UK Blockchain Digitization

Blockchain and smart contracts are to feature among the U.K. government’s key technologies as it works at pushing its digital strategy plan, in a policy paper unveiled earlier this month. The paper, UK Digital Strategy 2017, by the Department for Culture Media & Sport, highlights a number of areas, which are intended to support the advancement of the digital space in the U.K. The paper...

UK Is Still a World Leader for Fintech

Fintech

A recent report by the All-Parliamentary Group (APPG) has reiterated confidence in the U.K.'s entrepreneurship and innovation in the long term despite Britain's recent vote to exit from the European Union. After the Brexit referendum, there were concerns that the exit would reduce access to markets, talent, passporting powers and funding for U.K. SMEs. The fear was compounded by moves by other...

Most Britons Say They Won't Use Bitcoin

uk shopper dont want bitcoin

According to Clarity, a UK based communications agency, just over half (57%) of Britons are aware of Bitcoin. A polling sample of 2000 online shoppers has revealed that 69% of men and 45% of women have heard of the currency. However, only 5% had actually tried to use Bitcoin or cryptocurrency, and 70% did not express interest in using cryptocurrency at any point in the future.   Scepticism...

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