2023-06-07
53 minutes

Ep 16 Why do we need a digital pound?

Finance

About this episode

Welcome back to another exciting episode of the Owl Explains podcast, where we delve deep into all things blockchain, Web3, and more. Today, with Jannah Patchay (Executive Director, Digital Pound Foundation and Director + Regulatory & Market Structure Advisor, Markets Evolution), Varun Paul (Director for CBDCs and FMI at Fireblocks) and our moderator Emma Pike (Owl Explains team member and Consultant at H+K Strategies), we discuss CBDCs, delving deep into the Digital Pound.

Over the past decade, the financial world has witnessed a seismic shift towards digital currencies, driven by advancements in technology and the need for more efficient, secure, and accessible forms of money. While Bitcoin and other cryptocurrencies have often stolen the spotlight, today's episode will shine a spotlight on a digital currency that's closer to home: the Digital Pound.

As countries around the globe grapple with the idea of central bank digital currencies (CBDCs), the United Kingdom has been at the forefront of this digital revolution. The Digital Pound, proposed by the Bank of England, promises to reshape how we transact, save, and invest. But what exactly is the Digital Pound, and how does it differ from traditional forms of money? What does it require to be successful? And can it draw from any learnings from other already-introduced CBDCs?

Whether you're a seasoned cryptocurrency aficionado or simply curious about the future of money, this episode promises to be an eye-opening journey you won't want to miss.

Guests

Jannah Patchay

Jannah Patchay

Executive Director the Digital Pound Foundation.

Varun Paul

Varun Paul

Director for CBDC and FMI at Fireblocks.

Emma Pike

Emma Pike

Consultant H+K Strategies.

Podcast transcript

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