The bank stipulates that the wallet must be capable of performing fundamental functions such as exchanging currency and requesting payments, and has fixed its price at close to $255,000. The Bank of England (BOE) is interested in receiving a “proof of concept” for a wallet that will have the capacity to store a Central Bank Digital Currency (CBDC). The Board of Exchange (BOE) published a call for proposals on the Digital Marketplace of the United Kingdom government on December 9. The Digital Marketplace is a website where government entities may seek employment for digital initiatives.
In addition, the wallet has to demonstrate that it can be loaded and unloaded using a CBDC, that it can request peer-to-peer payments using an account ID or QR code, and that it can be used to pay online with companies. All of these capabilities need to be present.
A mobile app for iOS and Android, a website for the wallet, an example merchant…
