Why a decision on UK CBDC comes down to robust use-cases.

Issue 1 | 29 May 2021

Welcome to issue of e-pound:unpacked.

In the UK, a Central Bank Digital Currency (CBDC) would be a new form of digital money issued by the Bank of England and for use by households and businesses. It would exist alongside cash and bank deposits, rather than replacing them.

This newsletter explores the development of a UK CBDC - will it be called an “e-pound”?

Why a decision on UK CBDC comes down to robust use-cases.

Andrew Smith, chief technology officer, and co-founder at RTGS.global spoke to FinextraTV on the current surge in interest around central bank digital currency (CBDC) across the globe.

Andrew questions the necessity of many popular CBDC use-cases, explores the technical challenges and opportunities that could arise in the delivery of a digital pound, and canvasses the role that digital identity would play in such a project.

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If you are interested in the UK’s payments landscape you might want to check out our connected newsletters:

Request to Pay:Unpacked

Payments:Unpacked

Thanks

Mike