Digital Pound Foundation launches to help implement UK’s digital Pound
The ETN-Network sits on the board of directors alongside Accenture, Ripple, CGI, Ava Labs, Quant, Billon Group, and other prominent members.
14 October 2021
London, 14 October 2021: 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.
About the Digital Pound Foundation
The Digital Pound Foundation was incorporated on 22 June 2021. The Foundation is an independent, non-profit organisation that works with various stakeholders and participants to implement a well-designed digital Pound. For more information, visit https://digitalpoundfoundation.com.