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Introducing the Digital Pound Foundation, an independent forum working towards the implementation of a well-designed digital pound. Founded in June 2021, Digital Pound Foundation aims to bring together a diverse group of stakeholders and participants from both the public and private sectors to support the successful roll-out of a digital pound in the UK.
The Need for a Digital Pound
As we move towards a more digital and cashless society, implementing a digital pound has become more of a necessity than an option. Not only does it offer greater convenience for consumers, but it can also help to reduce costs for businesses and streamline financial transactions. The Digital Pound Foundation recognizes the potential benefits of a digital pound and is working to ensure that it is designed and implemented in a way that maximizes its positive impact.
The Foundation’s Approach
What sets the Digital Pound Foundation apart is its unique approach to developing a digital pound. Unlike other CBDC experiments that have mainly involved private sector technology providers, the Digital Pound Foundation proposes a model that encourages participation from both the public and private sectors. By working together, the Foundation envisions a comprehensive design, development, and adoption process that will ensure the success of the digital pound.
The All-Star Team
With a team of industry experts, the Digital Pound Foundation is well-equipped to make their vision a reality. Led by former Vice-Chairman of Barclays Corporate, Jeremy Wilson, the team includes individuals from Ripple, Quant, Ava Labs, and more. Each member brings a wealth of experience and expertise in areas such as policy, marketing, and innovation, making them a force to be reckoned with.
The Digital Pound Foundation’s mission to support the implementation of a well-designed digital pound is an exciting prospect for the future of finance in the UK. By bringing together a diverse group of stakeholders and taking a unique approach to development, the Foundation is poised to make a significant impact in shaping the digital economy. To learn more about the Digital Pound Foundation and their mission, visit their website and social media pages.
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