Digital Pound or ‘Britcoin’ Could Protect Consumers in Bank Runs, BOE Says

https://www.bloomberg.com/news/articles/2023-02-28/digital-pound-could-protect-consumers-in-bank-runs-boe-says
Bank of England Deputy Governor Jon Cunliffe said a new digital version of the pound could help protect consumers in the event of a failure in the banking system, adding to arguments in favor of a project make a form of cash usable online.