Reply to post: Re: But why is this necessary?

Bank of England won't call it Britcoin but says digital pound 'likely to be needed in future'

Roland6 Silver badge

Re: But why is this necessary?

> Why is it necessary?

The only scenario I can think of is the payment of cash welfare benefits to those without bank accounts. This would potentially mean the government would no longer have to make or distribute coins and notes...

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