Central bank currencies, at least in the U.K. where our payment system is near instant anyway, is little more than a retail bank account at the Bank of England.

Central bank currencies, at least in the U.K. where our payment system is near instant anyway, is little more than a retail bank account at the Bank of England. A game the Bank of England got out of back in 2008. (People who worked at the BOE used to have the perk of a BOE bank account with the fabled 10-xx-xx sort code) Funny how these things go in cycles.