【BoE Governor: Central Bank Digital Currency Will Not Replace Cash】According To Bloomberg, Bank Of England Governor Andrew Baile Said That Digital Currency Will Not Replace Cash In The UK, And The Bank Of England Will Continue To Provide Banknotes And Coins "as Long As People Need Them". Research And Development Of The Digital Version Of The Pound, "Britcoin", Has Begun, But The Bank Of England Has Not Yet Decided Whether To Launch It. In Washington, Andrew Baile Said That While The Bank Of England Is Cautious About Issuing A Retail CBDC That Can Be Used By Ordinary Consumers Like Cash, He Supports Wholesale CBDC Used By Banks. Regarding The Prospects For Retail CBDC, He Said That "it Is Difficult To See Central Bank Money Playing A Pillar Role." However, He Said That There Are Good Reasons For "central Bank Money To Play A Special Role In Wholesale High-value Payments And Payment System Settlements." The Bank Of England Developed A Retail CBDC Not Because It Plans To Deploy It, But To Ensure That The Private Sector Has Access To Innovation And That Commercial Banks Modernize Digital Payment Systems. "Digital Payment Systems Are Particularly Needed In The Cross-border Payment Field, Where Modernization Is Still Slow," Said Andrew Baile. "There Is No Reason To Be Dictatorial About This." Banks Have Little Incentive To Speed Up Cross-border Payments, Which Could "inhibit Innovation."