14 October 2021
Written By FinTech Alliance in Digital Currency
The Digital Pound Foundation has launched to promote a central bank digital currency (CBDC) in the UK.
In Brief:
The foundation acts as an independent forum.
It has the backing of Accenture, CGI Group and Ripple.
It will promote the idea that a CBDC will be beneficial to the UK.
What does this mean?
The Digital Pound Foundation argues that CBDC will help the UK become a more “innovative, inclusive digital economy and society”. The Bank of England is already looking into the potential of this.
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