UK set to announce plans leading to a digital pound….
Due to the decline in cash and coin payments it is now highly likely the Bank of England will need a CBDC by 2030.
According to a report cash payments only feature in one in six transactions. The central bank digital currency for the UK will aim to bolster London’s ambitions to become a global Crypto hub.
The current UK Prime Minister Rishi Sunak has pushed for Cryptocurrency integration for sometime, and the issuing of a digital pound will accelerate that process beyond measure.
CleverRobot believes the larger economy countries will follow this pattern over the coming months and years.
CleverRobot newsdesk 10th February 2023