Modulr joins the Digital Pound Foundation as a Steering Committee member

Modulr By Modulr on 13 October 2022   •   1 min read

We have joined the Digital Pound Foundation as a Steering Committee member and part of the Payments Use Cases Working Groups. 

We want to enable any business to become a payments business by transforming the speed, flexibility, resilience and cost of launching and operating embedded payments services, so the concept of a digital pound intrigues us. We recognise the great potential of bringing together a consortium of businesses to help shape the future digital economy, drawing on diverse perspectives and experiences from across the industry to greatly benefit the Working Groups.

Ritesh Tendulkar, Chief Innovation Officer at Modulr, commented: “At Modulr, it’s our purpose to enable growth and innovation by making money flow more efficiently through business and the economy. That’s why we’ve become a member of the Digital Pound Foundation to collaborate with other forward-thinking businesses to build the digital economy of the future.”

William Lorenz, Payment Strategy Director at Modulr will now join the Digital Pound Foundation’s steering committee.

Claire Conby, Operations and Governance Lead at Digital Pound Foundation added: “We are delighted to welcome Modulr to the Digital Pound Foundation community and look forward to working with William and Ritesh as we continue with our analysis of the attributes and considerations for a well-designed digital pound. We will soon be increasing our focus on use case exploration, an area which we know is of particular interest to Modulr, so the addition of Modulr as a member at this juncture is extremely timely.”

To read the original press release, please view here.