A group of blockchain and cryptocurrency companies have joined forces to contribute to the work of digital central bank money in the UK. Digital Sterling Association founded.
According to the statement made on Thursday, the Association revealed “a well-designed digital sterling and digital currency ecosystem” will support the work done in order to remove it.
Members of the Digital Pound Association include Accenture, Avalanche, Billon Group, CGI Group, Electroneum, Quant and Ripple.
Association members, United Kingdom “an innovative and participatory digital economy and society” that they believe can make digital sterling will conduct research on its design, development and implementation.
Bank of England; It created two forums, including HSBC, Morgan Stanley, PayPal, Google, Mastercard, IBM, ConsenSys and others, to get ideas on the political issues and design challenges that a possible CBDC project would pose.
The Digital Sterling Association is one of these two forums established within the central bank. independently will move.
Central banks around the world more than 80% While doing research on digital central bank coins (CBDC), the Bank of England has yet to no final decision However, he continues to work on the subject.