Bank of England Deputy Governor Broadbent: Currency and payment methods need to keep up with the times.

Bank of England Deputy Governor Broaden: Currency and payment methods need to keep up with the times. We can do three things to achieve this vision, first, provide necessary infrastructure. Secondly, we provide regulatory framework. Third, we can develop an overall strategy to drive innovation. Our digital pound project is in the design phase. If we want to take advantage of all the benefits of "on-chain" settlement, we also need tokenization of currency.