The Bank of England is preparing to launch a digital pound
This year, the Bank of England, together with Her Majesty's Treasury, is launching a lab to test a digital pound. This "sandbox" will study new payment models, test APIs and test real-world use cases for the digital currency.
The project aims to improve payment systems and address their current shortcomings. The bank is actively engaging the private sector to implement technologies and create convenient solutions.
Later, notes will be published, where they will talk about approaches to creating a digital pound. These materials will form the basis for discussions with experts.
The digital pound could be an important step in the future of the UK financial system!
