Gilbert Verdian, CEO at Quant expressed: We are very excited to be part of the launch of the Digital Pound Foundation. Today, this is an important milestone for the UK. We have already got the most advanced payment system in the world, and having a digital pound allows us to innovate further and to increase competition, openness and the exportability of a digital pound across the world in various use cases.
Why is this important for us? So at Quant, we are innovators in DLT and blockchain technology. We are constantly creating standards. We have solved interoperability, and this is a great way to be involved to help make cross-border use cases and new innovation and new payment types and flows for businesses and consumers.
Community response: The amount of hashes, omg, quant doesn’t hash unless they mean it. Welcome to the future ladies and gentlemen, next phase of internet is right before your eyes, CeDe-X, X = any to any area.
He is oozing confidence in the project. He knows how powerful QNT is. QNT is going to be a beast.
The digital pound is the first of its kind and it’s the way to go when it comes to solving. Reduced cost of fiat currency minting and host of other things. The UK do like trading with other countries. And making it easy as possible. This is awesome for the UK; all eyes are on us.
Did the UK government approve this digital pound?
For clarity, Digital Pound Foundation is an independent forum supporting the implementation of a well-designed digital Pound.
Whilst most CBDC experiments have involved private sector technology providers, the overwhelming majority of these experiments, to date, have not involved participation from other private sector actors.
The Digital Pound Foundation is unique in proposing a model whereby the public and private sectors can fully engage in the design, development and adoption of a digital Pound, thus contributing to its successful roll-out and helping drive forward the UK’s transition to a digital economy.
Jeremy Wilson, Digital Pound Foundation Chairman stated, “Technology is transforming human interaction and money must adapt to that. The world has become a global laboratory realizing the benefits of a new form of money. The social ramifications of this shift will affect everyone. The Digital Pound Foundation seeks to support the UK in bringing that about for the benefit of all”.
The Foundation believes that a digital Pound will underpin the UK’s transition to an innovative, inclusive digital economy and society. If the UK is to maintain its globally-competitive lead in Fintech and financial innovation, it needs to create a digital Pound, and a healthy ecosystem for digital money.
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