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.
