The Digital Pound Foundation has launched to promote a central bank digital currency (CBDC) in the UK.
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.