UK Business

How a digital pound could work alongside cryptocurrencies

Written by Ganesh Viswanath-Natraj, Assistant professor, Warwick Business School, University of Warwick

The Bank of England has new plans for a digital pound. Alexander Supertramp/Shutterstock

Like many other countries, the UK has developed a plan for a central bank digital currency (CBDC). A digital pound would essentially act like an online form of cash suitable for everyday payments. It would not earn any interest like a standard savings account...

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