#noticiascripto 🚨🔥The Bank of England (BoE) is rethinking its plan to create a digital pound. Officials now believe that the benefits of launching this new currency are diminishing because today's payment systems are rapidly improving and meeting most consumer needs.

The central bank previously supported the digital pound, but now tells banks to upgrade their own payment systems. It believes that banks' private solutions can offer the same benefits without a government-backed digital currency.

The Bank of England tells banks to lead payment upgrades while the digital pound stagnates.

The Bank of England urges banks to improve their digital payment systems faster instead of waiting for a government-backed digital pound.

The BoE now sees fewer reasons to proceed with its digital currency for the public, as officials believe banks can create modern solutions like tokenized deposits and better electronic payments to provide the same benefits as a digital pound.

The Governor of the Bank of England, Andrew Bailey, stated that there is no need for a government-issued digital pound because most people already use reliable and fast digital payment options in their daily lives.

The Bank of England's research on its staff also found that the benefits of creating a central bank digital currency, or CBDC, are much lower now than before. The BoE and the UK Treasury will decide whether to continue or halt the project once the current design phase is completed. But most signals suggest they are preparing to backtrack rather than move forward with a full launch.