Bank of England opens applications for 'proof of concept' CBDC wallet

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Britain's central bank has set a budget of $244,500 for a 'proof of concept' wallet that will be able to hold and transact CBDCs, amid plans to launch a central-bank-backed digital currency by 2030.

a request for applications on the United Kingdom government's Digital Marketplace, a service where government organizations can solicit work for digital projects.

Of course, the wallet also has to demonstrate it can be loaded and unloaded with a CBDC along with being able to requestthrough an account ID or QR code and can be used to pay online with businesses. “No work has been done” on a CBDC sample wallet the bank said, and it “will not develop a user wallet itself.”

 

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Or..or..hear me out they can just use GBPT. How cool is that?

いよいよ横取り始まります🤣

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Sorry but is it only me that thinks 200k is a bit cheap LOL What from scratch? Only 1 wallet though right? I could set you up with 1 crypto wallet for half that? hahahaha

Key deliverables for the project are creating a mobile app for iOS and Android, a website for the wallet, an example merchant website and the back-end infrastructure to serve the wallet website and apps while also storing user data and transaction history.

2030! - lol they don't realise how fast this environment moves.

Lol. By 2030, we'll be completely decentralized because we (crypto industry) will have learned to get back to the basics of why we invest in crypto....to run away for the banks and self-bank and use defi if we need loans. So this will be used my the sheep and the sleep 😴

This is great. Blockchain technology still remains solution to the banking system. Blockchain e-commerce users will even enjoy $DRAC blockchain now to meet their demands, decentralisation, payment etc. I traded USDT-M on MEXC to get it as reward, that's how I knew it.

So just to make sure I read that correct. Bank Runs start in 2030ish

CBDC = Centralized Brutal Dystopian Control CBDC + eID = REKT

RemindMe_OfThis in 2 years

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Bank of England opens bids for CBDC sample wallet proof of conceptThe Bank of England is seeking a proof of concept for a sample wallet for a Central Bank digital currency and will take applications through Dec. 23. You guys have received donations and or funded by the thief SBF_FTX Share and make aware
Source: TheBlock__ - 🏆 464. / 53 Read more »