By February 10, 2023 (Investorideas.com Newswire) Google search data reveals that online searches for “Digital Currency” exploded by 434% in the UK on the 7th of February, after the UK Treasury and Bank of England announced plans for a digital pound.
A new finding by crypto trading guide Trading Browser reveals that online interest in ‘Digital Currency’ multiplied over four times the average volume just hours after the UK Treasury and BoE announced the digital pound project.
The virtual currency is a plan by the Central bank to phase out the use of cash by the end of the decade and shield off a Big Tech competitor. It is also meant to act in the same manner as cash and hopefully help secure the country’s financial system.
Looking at the study, a spokesperson for Trading Browser commented: ‘The spike in search for digital currencies indicates that the public is eager to familiarise themselves with this trend. Digital currencies are fast becoming common in the central banking environment.
However, its acceptance will be successful if measures are put in place to ensure transactions are made in a highly secure digital eco-system.’
All data gathered from Google Trends.
Source credit to tradingbrowser.com
t: +44 207 1220 925
e: george@priorconsultancy.co.uk
Twitter: @PriorConsults
deVere Group is one of the world’s largest independent advisors of specialist global financial solutions to international, local mass affluent, and high-net-worth clients. It has a network of more than 70 offices across the world, over 80,000 clients and $12bn under advisement.
More Info:
This news is published on the Investorideas.com Newswire – a global digital news source for investors and business leaders
Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions.
More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com
Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp
