The UK government has launched a digital currency, dubbed “BritCoin,” aimed at streamlining financial transactions and reducing the cost of cash handling. The new currency will be rolled out by 2025 and is expected to revolutionize the banking system by offering fast, secure, and low-cost alternatives to traditional payment methods.
This marks a significant shift towards a cashless society, and it has spurred discussions in other countries, including India, Bangladesh, and Nepal, about introducing their own central bank digital currencies to enhance financial inclusion and drive digital economies.
