<p>LONDON, Sept 14 (Reuters) – Britain will be piloting a digital version of the pound within a few years to cut the cost of money transfers, NatWest bank chairman Howard Davies said on Tuesday.</p> <p>Central banks across the world as studying whether to launch a central bank digital currency (CBDC), 비트겟 a digital version of their currency, to stay abreast of rapid technological developments in payments systems.</p> <p>The Bank of England has yet to decide on whether to push ahead with a sterling CBDC.</p> <p>”I suspect that within three to five years we will see that operating in the UK on a sort of pilot basis to start with,” Davies told a Bloomberg event.</p> <p>A CBDC is a logical development, 비트겟 though problematic from a banking point of view, 비트겟 as cash gradually finds its way out of the economy, Davies said.</p> <p>Meanwhile crypto assets like bitcoin were “environmentally disastrous” and of no use for transactions apart from buying cocaine on the dark web, he said.</p> <p>”It’s not a store of value, it’s too volatile,” Davies said.</p> <p>(Reporting by Huw Jones, Editing by William Maclean)</p></div>

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