This week, the Bank of England announced that they are looking to build a team of 30 people to look into developing a central bank digital currency.
It would be used by the UK’s central bank as a way to fulfil the country’s mission to create a digital version of the pound.
What the name of this new CBDC would be is still undetermined, but rumours online are already giving it the nickname “Britcoin”.
CoinDesk reports:
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 lists positions for a Digital Pound Security Architect and Digital Pound Solutions Architect, both added toward the end of last month.
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