Bank of Canada studies payments system using tech behind bitcoin

By Ethan Lou and Leah Schnurr TORONTO/OTTAWA (Reuters) – The Bank of Canada is experimenting with a payments system based on the technology behind the bitcoin virtual currency, the central bank said on Thursday. Bank of Canada Senior Deputy Governor Carolyn Wilkins said the central bank has been working with commercial banks to build the experimental interbank payment system. The goal "is solely to better understand the technology first-hand," she said in a statement.

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