The strategic partnership between the two crypto-focused organizations will explore digital money options in the United Kingdom.
With CBDCs seeing immense growth over the past months, more countries are looking to create their own central bank digital currencies to give customers better access to financial services.
Based on the official report by the Digital Pound Foundation (DPF), the non-profit organization, striving to create "a well-designed digital Pound", has committed to a strategic partnership with CryptoUK, a decentralized trade association that represents the digital asset industry in the United Kingdom.
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Originating Member and Policy Lead for the DPF Jannah Patchay spoke on the strategic partnership with CryptoUK, stating:
"CryptoUK has been instrumental in developing strong, meaningful relationships and conversations between the broader digital asset community and the UK’s policymakers and regulators."
With the latest partnership with CryptoUK, the Digital Pound Foundation seeks to build even more partnerships with crypto-based organizations in order to "strengthen the dialogue with policymakers", and potentially move towards a standardized framework for cryptocurrency usage.