{"id":5157,"date":"2020-03-13T10:55:09","date_gmt":"2020-03-13T10:55:09","guid":{"rendered":"https:\/\/www.newmoneyreview.com\/?p=5157"},"modified":"2020-03-24T06:49:39","modified_gmt":"2020-03-24T06:49:39","slug":"bank-of-england-calls-for-help-amidst-payment-revolution","status":"publish","type":"post","link":"https:\/\/newmoneyreview.com\/index.php\/2020\/03\/13\/bank-of-england-calls-for-help-amidst-payment-revolution\/","title":{"rendered":"Bank of England calls for help amidst payment revolution"},"content":{"rendered":"

The UK\u2019s central bank has called for public input regarding the design of a new national digital currency amidst what it calls a revolution in payments.<\/p>\n

In a discussion paper<\/a> published on March 12, the Bank of England asked for public and private sector stakeholders to share views on the design and uses of a central bank digital currency (CBDC), which would be a new form of money and a new way of making payments.<\/p>\n

While nearly two thirds of payments by volume were made using banknotes in 2006, this is predicted to fall to just 9 percent of payments by 2028<\/p><\/blockquote>\n

While the Bank made clear it has not yet decided whether or not to issue a CBDC, it is weighing up the pros and cons, said the outgoing governor, Mark Carney.<\/p>\n

In common with many other central banks, the Bank of England recognises the trend towards the disappearance of cash as a means of payment, said the governor.<\/p>\n

According to the Bank, while nearly two thirds of payments by volume were made using banknotes in 2006, this fell to 28 percent of payments by 2018 and is predicted to fall to just 9 percent of payments by 2028.<\/p>\n

Countries like Sweden and Norway are further along in this trend, said the Bank, with half of Swedish retailers expected to stop accepting cash payments by 2025.<\/p>\n

Disappearing cash payments<\/em><\/p>\n

\"\"<\/p>\n

\u201cA CBDC could ensure that the public has continued access to a risk\u2011free form of money issued by the central bank, which may be especially important in the future as cash use declines and new forms of privately issued money become more widely used in payments,\u201d Carney said.<\/p>\n

But Carney added that issuing a CBDC would mean a fundamental rethink of almost all the Bank\u2019s activities.<\/p>\n

\u201cWhile CBDC poses a number of opportunities, it could raise significant challenges for maintaining monetary and financial stability. CBDC therefore has relevance to almost everything the Bank does, and would need to be very carefully designed if it were to be introduced,\u201d Carney said.<\/p>\n

\u201cThis could have profound implications for the structure of the banking system\u201d<\/p><\/blockquote>\n

The Bank warned that widespread adoption of a CBDC by the general public could undermine commercial banks, forcing the central bank to maintain a form of life support for these privately owned entities.<\/p>\n

\u201cIf CBDC were introduced, some of the households and businesses that currently hold commercial bank deposits might wish to exchange these deposits for CBDC. Absent any other action, commercial banks\u2026end up with a smaller balance sheet. This is known as \u2018disintermediation\u2019,\u201d the Bank said.<\/p>\n

\u201cIf disintermediation were to occur on a large scale, that would either imply a large fall in lending or would require banks to seek to borrow significantly more from the Bank of England. This could have profound implications for the structure of the banking system and the Bank\u2019s balance sheet,\u201d the central bank wrote in its discussion paper.<\/p>\n

Concerns about a potential weakening of the banking sector have been cited as a reason for the slow introduction of CBDC around the world<\/a>.<\/p>\n

Last year Simon Gleeson, a partner at law firm Clifford Chance, warned of the potential unintended consequences<\/a> of allowing broad access to a new, digital form of central bank-issued money.<\/p>\n

\u201cIf central bank-issued cryptocurrencies started circulating alongside private currencies, in an economic downturn you could have the most massive run on the issuers of the private currencies. This is one of the reasons CBDC are a terrifyingly bad idea,\u201d he said.<\/p>\n

If the UK is to have a CBDC, the Bank of England says it will likely require private sector help to operate.<\/p>\n

The CBDC would probably consist of a core ledger, provided by the Bank, which would record CBDC and process payments, the central bank says.<\/p>\n

Then, a group of private sector \u2018Payment Interface Providers\u2019 would handle the interaction with end\u2011users of CBDC and provide additional payments functionality through overlay services.<\/p>\n

A CBDC could enable innovative uses of money, the Bank says.<\/p>\n

These might include micropayments, which would support the development of Internet\u2011of\u2011Things (IoT) applications, which connect networks of physical devices, like smartphones, vehicles, homes and home appliances.<\/p>\n

Micropayments could also support alternative revenue models for digital media, for example, shifting away from current subscription and ad\u2011based revenue models, says the Bank in its discussion paper.<\/p>\n

And CBDC might facilitate \u2018programmable money\u2019, where payments occur according to specified conditions, rules or events.<\/p>\n

If different national CBDCs followed similar design principles, they could be swapped with each other with minimal settlement risk, the Bank says.<\/p>\n

This could help to reduce the cost of cross-border money flows, an area where the existing financial system is struggling to make progress<\/a>.<\/p>\n

In 2011 G20 governments made a commitment to reduce the cost of remittances to 5 percent or less by 2014. However, they have failed to achieve this target and cross-border transfers continue to consume up to 9 percent of the amount sent.<\/p>\n

Don\u2019t miss any more New Money Review content:\u00a0sign up here<\/strong><\/a> for our\u00a0newsletter<\/em><\/p>\n

Click here<\/a> for a full list of episodes of the New Money Review podcast: the future of money in 30 minutes<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The UK\u2019s central bank has called for public input regarding the design of a new national digital currency amidst what it calls a revolution in payments. In a discussion paper […]<\/p>\n","protected":false},"author":3,"featured_media":5156,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1053,1026,1014],"tags":[1224,1289],"class_list":{"0":"post-5157","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-featured-1","8":"category-latest-slider","9":"category-payment","10":"tag-bank-of-england","11":"tag-cbdc"},"yoast_head":"\nBank of England calls for help amidst payment revolution - New Money Review<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/newmoneyreview.com\/index.php\/2020\/03\/13\/bank-of-england-calls-for-help-amidst-payment-revolution\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bank of England calls for help amidst payment revolution - New Money Review\" \/>\n<meta property=\"og:description\" content=\"The UK\u2019s central bank has called for public input regarding the design of a new national digital currency amidst what it calls a revolution in payments. In a discussion paper […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/newmoneyreview.com\/index.php\/2020\/03\/13\/bank-of-england-calls-for-help-amidst-payment-revolution\/\" \/>\n<meta property=\"og:site_name\" content=\"New Money Review\" \/>\n<meta property=\"article:published_time\" content=\"2020-03-13T10:55:09+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-03-24T06:49:39+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/newmoneyreview.com\/wp-content\/uploads\/2020\/03\/digital-payment.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1400\" \/>\n\t<meta property=\"og:image:height\" content=\"933\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Paul Amery\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@ameryp\" \/>\n<meta name=\"twitter:site\" content=\"@newmoneyreview\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Paul Amery\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/newmoneyreview.com\/index.php\/2020\/03\/13\/bank-of-england-calls-for-help-amidst-payment-revolution\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/newmoneyreview.com\/index.php\/2020\/03\/13\/bank-of-england-calls-for-help-amidst-payment-revolution\/\"},\"author\":{\"name\":\"Paul Amery\",\"@id\":\"https:\/\/newmoneyreview.com\/#\/schema\/person\/71bdc8f94d4973d4c5bd2a8fe5a83412\"},\"headline\":\"Bank of England calls for help amidst payment revolution\",\"datePublished\":\"2020-03-13T10:55:09+00:00\",\"dateModified\":\"2020-03-24T06:49:39+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/newmoneyreview.com\/index.php\/2020\/03\/13\/bank-of-england-calls-for-help-amidst-payment-revolution\/\"},\"wordCount\":860,\"publisher\":{\"@id\":\"https:\/\/newmoneyreview.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/newmoneyreview.com\/index.php\/2020\/03\/13\/bank-of-england-calls-for-help-amidst-payment-revolution\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/newmoneyreview.com\/wp-content\/uploads\/2020\/03\/digital-payment.jpg\",\"keywords\":[\"Bank of England\",\"CBDC\"],\"articleSection\":[\"Featured\",\"Latest\",\"PAYMENT\"],\"inLanguage\":\"en-GB\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/newmoneyreview.com\/index.php\/2020\/03\/13\/bank-of-england-calls-for-help-amidst-payment-revolution\/\",\"url\":\"https:\/\/newmoneyreview.com\/index.php\/2020\/03\/13\/bank-of-england-calls-for-help-amidst-payment-revolution\/\",\"name\":\"Bank of England calls for help amidst payment revolution - New Money Review\",\"isPartOf\":{\"@id\":\"https:\/\/newmoneyreview.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/newmoneyreview.com\/index.php\/2020\/03\/13\/bank-of-england-calls-for-help-amidst-payment-revolution\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/newmoneyreview.com\/index.php\/2020\/03\/13\/bank-of-england-calls-for-help-amidst-payment-revolution\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/newmoneyreview.com\/wp-content\/uploads\/2020\/03\/digital-payment.jpg\",\"datePublished\":\"2020-03-13T10:55:09+00:00\",\"dateModified\":\"2020-03-24T06:49:39+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/newmoneyreview.com\/index.php\/2020\/03\/13\/bank-of-england-calls-for-help-amidst-payment-revolution\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/newmoneyreview.com\/index.php\/2020\/03\/13\/bank-of-england-calls-for-help-amidst-payment-revolution\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/newmoneyreview.com\/index.php\/2020\/03\/13\/bank-of-england-calls-for-help-amidst-payment-revolution\/#primaryimage\",\"url\":\"https:\/\/newmoneyreview.com\/wp-content\/uploads\/2020\/03\/digital-payment.jpg\",\"contentUrl\":\"https:\/\/newmoneyreview.com\/wp-content\/uploads\/2020\/03\/digital-payment.jpg\",\"width\":1400,\"height\":933},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/newmoneyreview.com\/index.php\/2020\/03\/13\/bank-of-england-calls-for-help-amidst-payment-revolution\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/newmoneyreview.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bank of England calls for help amidst payment revolution\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/newmoneyreview.com\/#website\",\"url\":\"https:\/\/newmoneyreview.com\/\",\"name\":\"New Money Review\",\"description\":\"A periodical covering the accelerating changes in money\",\"publisher\":{\"@id\":\"https:\/\/newmoneyreview.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/newmoneyreview.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/newmoneyreview.com\/#organization\",\"name\":\"New Money Review\",\"url\":\"https:\/\/newmoneyreview.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/newmoneyreview.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/newmoneyreview.com\/wp-content\/uploads\/2018\/01\/cropped-nmr_close-crop.jpg\",\"contentUrl\":\"https:\/\/newmoneyreview.com\/wp-content\/uploads\/2018\/01\/cropped-nmr_close-crop.jpg\",\"width\":1418,\"height\":158,\"caption\":\"New Money Review\"},\"image\":{\"@id\":\"https:\/\/newmoneyreview.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/x.com\/newmoneyreview\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/newmoneyreview.com\/#\/schema\/person\/71bdc8f94d4973d4c5bd2a8fe5a83412\",\"name\":\"Paul Amery\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/newmoneyreview.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/58b6269b43fc8c137f118222b601e5041bee2cc0e3291a23180bfb7d36499b18?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/58b6269b43fc8c137f118222b601e5041bee2cc0e3291a23180bfb7d36499b18?s=96&d=mm&r=g\",\"caption\":\"Paul Amery\"},\"sameAs\":[\"https:\/\/x.com\/@ameryp\"],\"url\":\"https:\/\/newmoneyreview.com\/index.php\/author\/paul-amery\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Bank of England calls for help amidst payment revolution - New Money Review","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/newmoneyreview.com\/index.php\/2020\/03\/13\/bank-of-england-calls-for-help-amidst-payment-revolution\/","og_locale":"en_GB","og_type":"article","og_title":"Bank of England calls for help amidst payment revolution - New Money Review","og_description":"The UK\u2019s central bank has called for public input regarding the design of a new national digital currency amidst what it calls a revolution in payments. In a discussion paper […]","og_url":"https:\/\/newmoneyreview.com\/index.php\/2020\/03\/13\/bank-of-england-calls-for-help-amidst-payment-revolution\/","og_site_name":"New Money Review","article_published_time":"2020-03-13T10:55:09+00:00","article_modified_time":"2020-03-24T06:49:39+00:00","og_image":[{"width":1400,"height":933,"url":"https:\/\/newmoneyreview.com\/wp-content\/uploads\/2020\/03\/digital-payment.jpg","type":"image\/jpeg"}],"author":"Paul Amery","twitter_card":"summary_large_image","twitter_creator":"@ameryp","twitter_site":"@newmoneyreview","twitter_misc":{"Written by":"Paul Amery","Estimated reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/newmoneyreview.com\/index.php\/2020\/03\/13\/bank-of-england-calls-for-help-amidst-payment-revolution\/#article","isPartOf":{"@id":"https:\/\/newmoneyreview.com\/index.php\/2020\/03\/13\/bank-of-england-calls-for-help-amidst-payment-revolution\/"},"author":{"name":"Paul Amery","@id":"https:\/\/newmoneyreview.com\/#\/schema\/person\/71bdc8f94d4973d4c5bd2a8fe5a83412"},"headline":"Bank of England calls for help amidst payment revolution","datePublished":"2020-03-13T10:55:09+00:00","dateModified":"2020-03-24T06:49:39+00:00","mainEntityOfPage":{"@id":"https:\/\/newmoneyreview.com\/index.php\/2020\/03\/13\/bank-of-england-calls-for-help-amidst-payment-revolution\/"},"wordCount":860,"publisher":{"@id":"https:\/\/newmoneyreview.com\/#organization"},"image":{"@id":"https:\/\/newmoneyreview.com\/index.php\/2020\/03\/13\/bank-of-england-calls-for-help-amidst-payment-revolution\/#primaryimage"},"thumbnailUrl":"https:\/\/newmoneyreview.com\/wp-content\/uploads\/2020\/03\/digital-payment.jpg","keywords":["Bank of England","CBDC"],"articleSection":["Featured","Latest","PAYMENT"],"inLanguage":"en-GB"},{"@type":"WebPage","@id":"https:\/\/newmoneyreview.com\/index.php\/2020\/03\/13\/bank-of-england-calls-for-help-amidst-payment-revolution\/","url":"https:\/\/newmoneyreview.com\/index.php\/2020\/03\/13\/bank-of-england-calls-for-help-amidst-payment-revolution\/","name":"Bank of England calls for help amidst payment revolution - New Money Review","isPartOf":{"@id":"https:\/\/newmoneyreview.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/newmoneyreview.com\/index.php\/2020\/03\/13\/bank-of-england-calls-for-help-amidst-payment-revolution\/#primaryimage"},"image":{"@id":"https:\/\/newmoneyreview.com\/index.php\/2020\/03\/13\/bank-of-england-calls-for-help-amidst-payment-revolution\/#primaryimage"},"thumbnailUrl":"https:\/\/newmoneyreview.com\/wp-content\/uploads\/2020\/03\/digital-payment.jpg","datePublished":"2020-03-13T10:55:09+00:00","dateModified":"2020-03-24T06:49:39+00:00","breadcrumb":{"@id":"https:\/\/newmoneyreview.com\/index.php\/2020\/03\/13\/bank-of-england-calls-for-help-amidst-payment-revolution\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/newmoneyreview.com\/index.php\/2020\/03\/13\/bank-of-england-calls-for-help-amidst-payment-revolution\/"]}]},{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/newmoneyreview.com\/index.php\/2020\/03\/13\/bank-of-england-calls-for-help-amidst-payment-revolution\/#primaryimage","url":"https:\/\/newmoneyreview.com\/wp-content\/uploads\/2020\/03\/digital-payment.jpg","contentUrl":"https:\/\/newmoneyreview.com\/wp-content\/uploads\/2020\/03\/digital-payment.jpg","width":1400,"height":933},{"@type":"BreadcrumbList","@id":"https:\/\/newmoneyreview.com\/index.php\/2020\/03\/13\/bank-of-england-calls-for-help-amidst-payment-revolution\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/newmoneyreview.com\/"},{"@type":"ListItem","position":2,"name":"Bank of England calls for help amidst payment revolution"}]},{"@type":"WebSite","@id":"https:\/\/newmoneyreview.com\/#website","url":"https:\/\/newmoneyreview.com\/","name":"New Money Review","description":"A periodical covering the accelerating changes in money","publisher":{"@id":"https:\/\/newmoneyreview.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/newmoneyreview.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-GB"},{"@type":"Organization","@id":"https:\/\/newmoneyreview.com\/#organization","name":"New Money Review","url":"https:\/\/newmoneyreview.com\/","logo":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/newmoneyreview.com\/#\/schema\/logo\/image\/","url":"https:\/\/newmoneyreview.com\/wp-content\/uploads\/2018\/01\/cropped-nmr_close-crop.jpg","contentUrl":"https:\/\/newmoneyreview.com\/wp-content\/uploads\/2018\/01\/cropped-nmr_close-crop.jpg","width":1418,"height":158,"caption":"New Money Review"},"image":{"@id":"https:\/\/newmoneyreview.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/x.com\/newmoneyreview"]},{"@type":"Person","@id":"https:\/\/newmoneyreview.com\/#\/schema\/person\/71bdc8f94d4973d4c5bd2a8fe5a83412","name":"Paul Amery","image":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/newmoneyreview.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/58b6269b43fc8c137f118222b601e5041bee2cc0e3291a23180bfb7d36499b18?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/58b6269b43fc8c137f118222b601e5041bee2cc0e3291a23180bfb7d36499b18?s=96&d=mm&r=g","caption":"Paul Amery"},"sameAs":["https:\/\/x.com\/@ameryp"],"url":"https:\/\/newmoneyreview.com\/index.php\/author\/paul-amery\/"}]}},"jetpack_featured_media_url":"https:\/\/newmoneyreview.com\/wp-content\/uploads\/2020\/03\/digital-payment.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/newmoneyreview.com\/index.php\/wp-json\/wp\/v2\/posts\/5157","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newmoneyreview.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newmoneyreview.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newmoneyreview.com\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/newmoneyreview.com\/index.php\/wp-json\/wp\/v2\/comments?post=5157"}],"version-history":[{"count":6,"href":"https:\/\/newmoneyreview.com\/index.php\/wp-json\/wp\/v2\/posts\/5157\/revisions"}],"predecessor-version":[{"id":5220,"href":"https:\/\/newmoneyreview.com\/index.php\/wp-json\/wp\/v2\/posts\/5157\/revisions\/5220"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newmoneyreview.com\/index.php\/wp-json\/wp\/v2\/media\/5156"}],"wp:attachment":[{"href":"https:\/\/newmoneyreview.com\/index.php\/wp-json\/wp\/v2\/media?parent=5157"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newmoneyreview.com\/index.php\/wp-json\/wp\/v2\/categories?post=5157"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newmoneyreview.com\/index.php\/wp-json\/wp\/v2\/tags?post=5157"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}