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Bank of England shares strategy to enable innovation through a digital pound

Illustration, £50 pound sterling (Great Britain Pound - GBP) banknotes are placed on the phone with a Union Jack flag on its display
Photo: studioEAST/Getty Images

How a digital pound might promote innovation in domestic payments.

The Bank of England’s (BoE) August Quarterly Bulletin  included a paper on the digital pound and how it might be a catalyst for innovation, choice and efficiency in domestic payments, based on current research.

The BoE is of the view that it is likely that a digital