The central bank says the aim of the study is to provide insight into where a retail digital pound could add value to different businesses and what features are expected to be the most/least valuable for different kinds of businesses.
The Bank of England is currently in a ‘design phase’ for a potential digital pound with the aim of establishing a ‘clear proposition’ for a UK CBDC.
In January, the Bank annoppunced plans to create a Digital Pound Lab to help set out the blueprint for a future Britcoin. Operating in a sandbox environment, the Digital Pound Lab enables hands-on experimentation for testing API functionality, innovative use cases and potential business models for PIPs and ESIPs.
The BofE says it is now “particularly keen” to engage with companies that are interested in the digital pound, but have not yet been involved in the Lab.
“The case studies are designed to sit alongside and complement the Digital Pound Lab by improving our understanding of the business impact of different potential digital pound features for merchant adopters,” says the Bank.
