The Financial Post reports in its Saturday, June 18, edition that Bank of Canada senior deputy governor Carolyn Wilkins is pouring cold water on rumours that the BOC is developing its own cryptocurrency. The Post's Claire Brownell writes that on Friday Ms. Wilkins reiterated that the digital currency CAD-Coin the BOC said it was experimenting with Thursday is only a prototype for how large transactions between banks might be settled in the future. Ms. Wilkins said anyone looking forward to the BOC issuing a digital currency for public use like Bitcoin or Ether should be prepared to wait a long time. She said: "I think we're very far off. Our priority is to see upgrades made to the core payment systems that the financial system relies on and that the bank oversees." The BOC has been exploring how distributed ledger technology could be used to make payment settlement between banks more efficient and secure. Distributed ledger technology, also known as blockchain, links computers together to create a tamper-resistant record. It allows parties that do not entirely trust each other, such as competing banks, to conduct secure transactions without an intermediary making sure everything is on the level.