Every country now is thinking of a national digital currency along with Fiat currency. The latest addition to the list is the government of Wales. The currency termed as Celyn will coexist with the Pound sterling. The Welsh government wants to create an ecosystem for enterprises and firms.
As of now, the currency will be available only for small-size enterprises. With the advent of time, Celyn might replace the Great British Pound. Welsh Government is in talks with Circular Economy Wales to develop the currency. Wales is not alone; earlier, even Canada, Bhutan and China have introduced their digital currency.