The Bank of England's CBDC lead, Katie Fortune believes that central bank digital currencies (CBDCs) and Bitcoin can coexist in a mixed ecosystem of different forms of money. She suggests that a CBDC could act as a bridging asset between stablecoins and other digital forms of money, ultimately preventing separate ecosystems and helping to set industry standards. Fortune envisions CBDCs being used primarily for retail payments and e-commerce, with the aim of creating smoother processes for users. The Bank of England has been pushing the idea of a digital pound called "Britcoin," with CBDCs potentially in use by the end of 2020s. The uniformity of money is viewed by Fortune as a social good, providing infrastructure for others to innovate for the future.

Source: Decrypt

Original Link: https://decrypt.co/124957/cbdc-can-be-bridging-asset-between-bitcoin-tradfi-bank-england