OPINION - The Leader podcast: Is British “digital pound” death of cash?

Is British “digital pound” death of cash? (PA) (PA Wire)
Is British “digital pound” death of cash? (PA) (PA Wire)
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Could the humble quid in your pocket soon be going digital?

The British government’s talking about minting a new virtual version of our national currency.

Andrew Griffith, economic secretary to the Treasury, tells the Treasury Select Committee they’re investigating how it would all work as part of a future finance consultation.

It comes as China beta tests digital yuan in major cities and the European Central Bank studies a virtual euro.

But what are the implications for your bank balance, reliability and privacy?

The Leader podcast’s joined by Brett Scott, a former City broker and author of Cloudmoney: Cash, Cards, Crypto and the War for our Wallets.

We discuss the twin concepts of a Bank of England-issued digital currency and a privately-issued “stablecoin” backed by fiat money.

Plus, the future of physical cash and does the chequebook have a place in the 21st Century.

Listen above, and find us on your Spotify Daily Drive or wherever you stream your podcasts.