Under NEF’s proposals, a new public-interest institution called BancaAlba would become the sole issuer of new electronic money called ScotPounds (S£). A report on a new digital currency by a new independent think tank, the New Economics Foundation (NEF), has backed the creation of a digital currency for Scotland, which it calls "ScotPound". The report, published today, says that Scotland could be "ahead of its time" in creating an electronic currency, and is likely to have "a significant impact on how we use money across Europe".
A report on a new digital currency by a new independent think tank, the New Economics Foundation (NEF), has backed the creation of a digital currency for Scotland, which it calls "ScotPound". The report, published today, says that Scotland could be "ahead of its time" in creating an electronic currency, and is likely to have "a significant impact on how we use money across Europe".