Bank of England publishes list of questions asked by suitors for its CBDC wallet

Bank of England publishes list of questions asked by suitors for its CBDC wallet

Source: City A.M. The Bank of England has revealed the details of more than 70 questions asked by applicants keen to win the contract to create a wallet for its CBDC experiment. A total of 20 companies submitted applications for the £200,000 five-month project, with almost all handing in a series of questions before Christmas. […]

Bank of England receives 20 applications to develop CBDC wallet prototype

Bank of England receives 20 applications to develop CBDC wallet prototype

Source: CityAM Twenty companies have submitted applications to create a digital wallet for the Bank of England’s CBDC project. The bank underlined its desire to pursue a central bank digital currency by putting a contract for a sample wallet out to tender only three weeks ago, setting a deadline to complete applications by December 23. […]

The benefits of CBDCs, and designing a system that delivers them

Written by Martin Hargreaves, Chief Product Officer at Quant Central bank digital currencies (CBDCs) promise to vastly improve electronic payments by fundamentally changing the nature of money. These new digital currencies are programmable and offer the potential to help consumers and businesses better control their spending. Additionally, they can make cross-border payments faster and cheaper, protect individual […]