$POL Don’t look at this as “the Bank of England adopting Polygon.”
Polygon Labs says it, together with NOBO Finance and Dun & Bradstreet, entered the Bank of England Digital Pound Lab Phase Two, testing cross-border settlement: one side uses Polygon Open Money Stack for stablecoin settlement, while the digital pound side settles in a simulated test environment.
The boundary is important: this is a lab test, with no real customers, fiat money, or regulatory endorsement. Next, watch whether the experimental results can show that multiple digital currencies can be settled synchronously within the same workflow.
Are you more interested in the central bank’s experiments, or in the real-world rollout of enterprise cross-border payments? #DigitalPoundExperiment
Polygon Labs says it, together with NOBO Finance and Dun & Bradstreet, entered the Bank of England Digital Pound Lab Phase Two, testing cross-border settlement: one side uses Polygon Open Money Stack for stablecoin settlement, while the digital pound side settles in a simulated test environment.
The boundary is important: this is a lab test, with no real customers, fiat money, or regulatory endorsement. Next, watch whether the experimental results can show that multiple digital currencies can be settled synchronously within the same workflow.
Are you more interested in the central bank’s experiments, or in the real-world rollout of enterprise cross-border payments? #DigitalPoundExperiment