Offline settlements with a digital pound: Lessons from the BoE’s report
The Payments Association
JUNE 16, 2025
The security of such payments rests entirely on the devices, hence the use of secure elements in the experiment. The difficulties lie in the assumption that, however secure they may be, one cannot rule out a breach of secure elements in the future. Enforcement and fallback rules will be needed to address stale or suspicious activity.
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