14 December 2022

Bank of England offers £200,000 contract to develop CBDC wallet

Written By FinTech Alliance in Digital Currency

Bank of England offers £200,000 contract to develop CBDC wallet

The Bank of England is offering a £200,000 contract to develop a sample wallet for a Central Bank Digital Currency.

In Brief:

The Bank is seeking applications for a five-month project. 

It will involve developing a mobile wallet app, wallet and merchant website, as well as a back end server.

The project, worth £200,000, is now available for bidders on the UK Government Digital Marketplace.

What does this mean? 

The Bank of England is aiming to have a tangible prototype to explain to stakeholders the use cases of CBDCs and allow for user testing. 

Read more here.  

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