
UK to design digital pound that could fend off future private tech rival
Digital Pound
Digital Pound
The digital currency would be issued by the Bank of England and could be used by households and businesses for everyday payments in-store and online
Digital PoundThe Bank of England has begun a consultation on the introduction of its own digital pound as it seeks to gain a foothold in the unwieldy world of cryptocurrencies and stablecoins.
Digital PoundThe Bank of England and Treasury consultation paper on a digital pound has said 'Britcoin' is "likely to be needed in the future"
Britcoin Digital PoundThe Bank of England (BoE) and the Treasury are convinced that a central bank digital currency (CBDC) is becoming increasingly necessary, an unpublished report seen by the Daily Telegraph suggests...
CBDC Central Bank Digital Currency Digital PoundThe Bank of England and the Treasury believe that the U.K. will "likely" need a digital pound amid declining cash usage.
CBDC Central Bank Digital Currency Digital Pound