Barclays explores digital pound design options
Barclays published a paper exploring options for various digital pound functionality. It concludes an FMI should be responsible.
CBDC Central Bank Digital Currency Digital PoundThe Bank of England (BOE) is closer to launching its own digital currency, following the completion of a yearlong project that concluded the technology could facilitate a “diverse range” of new monetary applications. The project, named Rosalind and conducted by the BOE and the Bank for International Settlements (BIS), aimed to explore the practicality and
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Barclays published a paper exploring options for various digital pound functionality. It concludes an FMI should be responsible.
CBDC Central Bank Digital Currency Digital PoundAfter the real-time gross settlement crash in July, the BOE is looking for a solution to update the network, proposing synchronization for the revamp while considering wCBDCs as an alternative to the current system.
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In a new discussion paper, the U.K. central bank also said it wants to ensure stablecoins are interchangeable with the pound.
CBDCThe Bank of England is planning wholesale CBDC (wCBDC) trials alongside RTGS synchronized payments as in Project Meridian
CBDC Central Bank Digital CurrencyCboe Clear Europe tested the use of a wholesale CBDC for margin calls as part of the Eurosystem wholesale DLT settlement trials
CBDC Central Bank Digital Currency