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 Posted in Electroneum


ETN NEWS :DIGITAL POUND FOUNDATION LAUNCHES TO HELP IMPLEMENT UK’S DIGITAL POUND

 Author: admin  Published Date: October 19, 2021  Leave a Comment on ETN News
:Digital Pound Foundation launches to help implement UK’s digital Pound

A highly regarded, respected and experienced group of high-tech, innovation, and
regulatory experts have launched the Digital Pound Foundation, an independent
forum to influence the implementation of the UK’s digital Pound, ensuring the
United Kingdom’s place in the emerging global digital landscape.

The Foundation will conduct research, advocacy, exploratory projects, and
multi-stakeholder collaboration concerning the UK’s proposed digital Pound
design, implementation, and roll-out.

The infrastructure created by a digital Pound could provide material benefits
that will have repercussions for society.

The Foundation will draw on the expertise and practical experience of its
members to conduct research, advocacy, ‘hands on’ exploratory projects, and
multi-stakeholder collaboration in the design, development, implementation, and
roll-out of the UK’s proposed digital Pound as a means of securing the UK’s
place in the emerging global digital landscape.

In addition to its research and policy activities, the Foundation will also act
as a hub to collate and share a comprehensive set of resources about the
progress towards a digital Pound and movements towards the creation of other
similar digital currencies globally.

> “Technology is transforming human interaction and money must adapt to that.
> The world has become a global laboratory realising the benefits of a new form
> of money,” said Digital Pound Foundation Chairman Jeremy Wilson of digital
> currencies. “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.”

Electroneum Ltd CEO Richard Ells, who sits on the board of directors, has
expressed his focus as a DPF member is to ensure the digital Pound and other
similar digital currencies worldwide genuinely help with financial inclusion. He
said this objective is what drove his decision to join the Foundation.

> “The reason for our involvement is to see financial inclusion take place
> through the implementation of the digital Pound in the UK and worldwide,” he
> reiterated. “I want us to do our part to ensure that digital currencies enable
> people globally to pull themselves out of poverty.”

Mr. Ells stands out in the blockchain space as an entrepreneur whose drive in
crypto is consumer-focused. That is why his startup’s highest priority is to
integrate as many real-world use cases as possible into its mobile app for the
end users’ benefit.

The Foundation’s core group believes that a digital Pound will underpin the next
generation of the UK’s economy and society. That digital infrastructure will
provide enormous benefits but will also have repercussions for humanity, which
is why the DPF will seek that both public and private sectors play a role in the
new digital money landscape.

Originating members of the group include Jeremy Wilson, Jannah Patchay, Lee
Schneider, Victoria Thompson, Phil Kenworthy, Jim Ford, and Melanie Budden.
Foundation and Associate members include Billon
Group, Electroneum, Quant, Ripple, Accenture, Ava Labs, and CGI. Partners
include Herbert Smith Freehills and The Realization Group.

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AUTHOR: ADMIN


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