The London-based firm says it is working with the BofE to “design a privacy-preserving identity layer” for a possible digital pound.
The agreement would see the design and deployment of a secure system that “prevents tracking and correlation of transactions while maintaining the highest standards of fraud and anti-money laundering prevention”, the company writes on LinkedIn.
The central bank recently collaborated with HM Treasury on the release of a consultation paper in February, where it was decided that a digital pound was likely needed. However, the paper also confirmed that any decision to issue one would not come about until at least 2025.
