The Future of Money in the UK – Digital Pound Progress Explained
The Bank of England and HM Treasury are actively exploring the feasibility of a digital Pound CBDC, envisioned as a digital complement to physical cash. This initiative aims to provide households and businesses with a trusted, uniform, and accessible payment method in an increasingly digital economy. While the project promises to foster innovation and support […]
Rethinking the ‘Singleness of Money’: A New Framework for Stablecoins
A group of eight leading experts in digital money has released a new paper, published by King’s College London and Qatar Centre for Global Banking & Finance, calling for a re-evaluation of the concept of “singleness of money,” arguing that a rigid interpretation of this principle could hinder the innovative potential of stablecoins. The paper […]
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 […]
2025 Could Be a Turning Point for Central Bank Digital Currencies: OMFIF
A new report by OMFIF, in partnership with Giesecke+Devrient, is set to explore the factors contributing to central banks’ hesitation about launching central bank digital currencies (CBDCs). This research highlights the ongoing progress in CBDC development globally, despite some central banks still being undecided about issuance. As more research and experimentation continue, 2025 could see […]
Russia’s Largest Bank, Sberbank, Joins Digital Ruble CBDC Pilot Amid Tight Timeline for Launch
Russia’s largest bank, Sberbank, has officially joined the pilot programme for the digital ruble, alongside leading digital bank TBank (formerly Tinkoff) and Tochka Bank. This comes as a significant development, as Sberbank was notably absent from the initial group of banks participating in the Central Bank Digital Currency (CBDC) trials, which began in August 2023. […]
Forbes: How Stripe and Stablecoins Are Reshaping Remote Work for a Global Workforce
In the rapidly evolving landscape of remote work, innovative payment solutions are playing a pivotal role in reshaping how businesses operate globally. A recent Forbes article titled “How Stripe and Stablecoins Are Rewiring Remote Work” delves into this transformation, highlighting the convergence of fintech innovations and decentralized finance (DeFi) in streamlining cross-border transactions. The Rise […]
