The Bank of England islooking for proof of concept for a sample wallet for central bank digital currencies And will continue to accept applications until December 23.
The bank said it would not develop user wallets on its own. but want to explore It aims to “end-to-end user engagement as a way to improve operational requirements for both banks and the private sector” and make CBDC products “more tangible for internal and external stakeholders.” Key delivers include wallet mobile app for both Android and iOS, wallet website, demo store website and back-end server.
The bank said it had not previously done any work on a sample wallet for the CBDC, with the budget for the first five-month contract being £200,000 ($245,200).
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