UK Central Bank and Finance Ministry Explore Digital Pound
In February, the UK's central bank and finance ministry announced further research and development into a digital version of the pound sterling. The public was invited to share their thoughts on the proposal. Despite being nicknamed "Britcoin" by the media, the bank has not yet confirmed whether the digital pound would utilize distributed ledger technology.
Digital Pound Architect Positions Listed on Bank's Website
The bank's career page recently listed two positions: Digital Pound Security Architect and Digital Pound Solutions Architect. Both roles, added last month, offer salaries of up to £80,000 ($99,000). In January, the Treasury sought a Head of Central Bank Digital Currency.
Significance of 30-Member Team Emphasizes Bank's Commitment
Ian Taylor, a board adviser for the trade association CryptoUK, commented that the size of the 30-member team demonstrates the potential impact of the digital pound and the Bank of England's seriousness in pursuing the project.