Leaders of Visa, PayPal and Google to help UK authorities study CBDC

The Bank of England and Her Majesty’s Treasury объявили participants in forums for exploring the technological and other aspects of central bank digital currency (CBDC). Among them were representatives from Visa, Mastercard, SWIFT, PayPal, Google, and other companies and institutions.

“The Engagement Forum comprises leaders from industry, civil society and academia to gather strategic materials on policy considerations and functional requirements relating to CBDC,” the statement said.

The Technology Forum, focused on the technological aspects of creating and operating CBDC, held its first meeting in September.

In April 2021, the Bank of England and Her Majesty’s Treasury announced the creation of these two forums together with a statement on the formation of a CBDC working group.

Earlier in November 2020, authorities announced research into the national digital currency.

In September 2021, the Lords’ Economic Affairs Committee began examining CBDC.