https://apnews.com/a665fc96fe919abf4e7ae0f282dde0e0

LONDON (AP) — British authorities are exploring the possibility of creating a new digital currency that Treasury chief Rishi Sunak indicated could be known as “Britcoin.”

The Bank of England and the Treasury said Monday that they will work together to assess the benefits of a central bank digital currency, at a time when cash payments are generally on the decline, partly as a result of the coronavirus pandemic.