In February, the United Kingdom’s central bank and finance ministry announced that they would begin further research and development on a digital version of the pound sterling, and urged the public to comment.
While the initiative has been nicknamed Britcoin in the media, the bank is less enthusiastic about the moniker, stating that no decision has been taken on whether a digital pound will use distributed ledger technology.
The Bank of England is looking to build a team of as many as 30 people to develop a central bank digital currency (CBDC), the Sunday Times reported, without saying where it got the figure.
In February, the U.K.’s central bank and finance ministry said they were starting further research and development on a digital version of the pound sterling, and invited the public to weigh in on the plans. While the project has been dubbed Britcoin in the press, the bank is less keen on the moniker, saying no decision has been made on whether a digital pound would use distributed ledger technology.
The bank’s website careers page now includes openings for a Digital Pound Security Architect and a Digital Pound Solutions Architect, both of which were posted at the end of last month. Both offer salaries of up to 80,000 British pounds ($99,000). In January, the Treasury advertised for a Head of Central Bank Digital Currency.
