In February, HM Treasury and the Bank of England launched a consultation on a potential a new form of money for households and businesses. With the use of cash as a means of payment declining, the Bank are considering both the use case and technical requirements for a new central bank digital currency.
Dubbed ‘Britcoin’ by the media, a digital pound would be a new form of money for use by households and businesses for their everyday payments needs. As part of the wider landscape of money and payments it would sit alongside, not replace, cash – a digital counterpart to familiar, trusted banknotes and coins, subject to rigorous standards of privacy and data protection.
During this event, attendees will be able to hear from the Bank’s CBDC technology experts on how they currently envisage such a currency working, and are seeking input from members on the technical design considerations they might need to take into account. This event will be of interest to any member who is involved in handling currency/payments or provides services to firms that do.
