Cryptocurrency the Preferred way of Transaction this holiday season, says Bank of England’s poll

Bank of England conducted an online poll on Twitter, regarding which is the preferred way of transaction this Christmas. According to results, 71% of the people prefer using Digital Currencies as a means of transaction.

Bank Of England asked on Twitter,

“If you receive money as a gift for Christmas, what’s your favourite way to get it?”

More than 8400 people took part in the poll, out of which 71% of the people voted for cryptocurrencies. The poll still has 2 more days left, but it is quite clear that Digital currencies have won this round.

If you receive money as a gift at Christmas, what’s your favourite way to get it?

How will we use money in years to come? Join the #FutureForumBoE discussion at https://t.co/EKRXyJZp9d

— Bank of England (@bankofengland) December 17, 2018

According to CCN, the poll by the Bank of England is not for fun but rather a way to understand the public interest regarding cryptocurrencies, now that value pf cryptocurrencies has fallen. But cryptocurrencies popularity remains strong as ever, despite the crash in value.

Although not openly stated that BoE is supporting cryptocurrencies, the bank has already been trying to figure out the place for cryptocurrencies. According to Mark Carney, Governor of the BoE, noted

” Even though plans aren’t imminent, and cryptocurrencies don’t currently perform the role of money in the British economy, he remains open to the prospect of a Central Bank-issued digital currency.”

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