UK authorities are considering a digital version of the Pound that would be backed by the Bank of England and retain its value over-time, unlike the fluctuating value of cryptocurrency. The ‘Britcoin’ would be central bank digital currency (CBDC) and would be held in a digital wallet. The digital currency could be used to pay for goods and services electronically.

source https://www.gadgets360.com/cryptocurrency/news/uk-considering-digital-version-pound-cbdc-currency-crypto-bank-of-england-3760189#rss-gadgets-all