UK’s cash machine network LINK joins the Digital Pound Foundation’s membership community
We are excited to announce the addition of LINK, which manages the UK’s cash machine (ATM) network, to the Digital Pound Foundation (DPF) as Associate Members. LINK works in the public interest to connect a reliable ATM network to every major bank and building society. As digital payments become more dominant cash is still a […]
UK Government Set to Roll Out GOV.UK Wallet, a New Digital Identity and Documents App
The UK government’s announcement of a digital driving licence rollout later this year marks a pivotal moment in the country’s journey towards a truly digital economy. As part of an expansive overhaul of public sector technology, the GOV.UK Wallet and GOV.UK App promise to transform the way Britons access and interact with essential government services. […]
What is the Bank of England’s Digital Pound Lab?
The Digital Pound Lab, announced on 14 January 2024, is a critical component of the Bank of England’s exploration into the feasibility of a central bank digital currency (CBDC). It serves as a technology sandbox environment, designed to facilitate innovation, experimentation, and collaboration between public and private sector participants. The Lab plays a pivotal role […]
Merchant Advisory Group and the Digital Pound Foundation Join Forces in New Partnership to Drive Innovation in Digital Payments
The Digital Pound Foundation (DPF) is thrilled to announce its partnership with the Merchant Advisory Group (MAG), a strategic alliance aimed at advancing innovation and fostering positive change within the digital payments industry. The collaboration underscores the shared commitment of both organisations to drive forward-thinking solutions that serve the interests of merchants and the broader […]
Bank of England and HM Treasury Publish Digital Pound Design Notes, Seeking Public Input
The Bank of England and HM Treasury are intensifying their exploration of a digital pound CBDC. As part of their commitment to transparency, they have published a set of design notes outlining the emerging framework for the digital pound. These notes provide early insights into the Bank’s thinking on key aspects, including technology, regulation, and […]
NOBO Joins the Digital Pound Foundation to Help Drive Change in Financial Services Across Europe and Africa
We are excited to announce the addition of NOBO, a fintech that is reducing friction in financial services across Europe and Africa with blockchain and open banking, to the Digital Pound Foundation (DPF) as Associate Members. NOBO’s mission is to provide seamless, secure, and efficient financial services through innovative technology solutions. By leveraging blockchain, integrating […]
Transforming RTGS: Bank of England Highlights New Connectivity and Synchronisation Plans
Victoria Cleland, Executive Director for Banking, Payments, and Innovation at the Bank of England, delivered a speech at FinTech Connect on 5 December 2024, outlining the future roadmap for the UK’s Real-Time Gross Settlement (RTGS) service. In her address, she emphasised the Bank’s commitment to enhancing the resilience, accessibility, and functionality of the RTGS system […]
New FCA Discussion Paper Outlines Future of UK Cryptoasset Regulation
The Financial Conduct Authority (FCA) has released a discussion paper titled “Regulating Cryptoassets: Admissions & Disclosures and Market Abuse Regime for Cryptoassets“, detailing its proposed approach to regulating the growing cryptoasset market. This initiative forms part of a broader effort by the government to introduce a comprehensive financial services regime for cryptoassets, bringing these activities […]
University of Cambridge Publish New Report on Wholesale Central Bank Digital Currencies
The University of Cambridge has released a new report, Wholesale Central Bank Digital Currencies: Approaches, Implementation Strategies and Use Cases, authored by Keith Bear, Hatim Hussain, Polina Vertext, Hugo Coelho, and Bryan Zhang. Drawing from extensive research, consultations with industry stakeholders, and interviews with regulators, the report delves into the key motivations, models, and policy […]
The Bank of England’s New Paper Explores the Role of a CBDC in a Digital Economy
The Bank of England has published a new paper titled “The Role of Central Bank Digital Currency in an Increasingly Digital Economy“. The paper examines the potential benefits and implications of introducing an unremunerated retail central bank digital currency (CBDC) against the backdrop of declining cash usage and growing online transactions in the UK. The […]
