# Digitalpound

William Lovell, Head of Strategy at the Bank of England, highlighted the importance of the Digital Pound and said it presents new opportunities for the UK to provide digital assets. Lovell noted that current payment systems are a cover, and customers move their obligations from one bank to another. However, Lovell also acknowledged that this system works well most of the time. Lovell emphasized that the central bank's mission is monetary stability and financial stability.
Lovell, Head of Strategy at the Bank of England, emphasized the necessity of suppressing the Digital Pound and stated that