Bank of England seeks digital currency mobile wallet developer

Make CBDC 'more tangible'

Elliot Gulliver-Needham
clock • 2 min read

The Bank of England is seeking a third-party supplier to develop a mobile wallet for a central bank digital currency (CBDC).

A tender was posted on the UK government website last week, seeking an indicative budget of £200,000 for the wallet, which will be provided for both Android and iOS. In the tender, it said that while it does not plan to develop a user wallet itself, the tool will help it to develop payment scheme rules and user experience guidelines for private sector wallet providers. BoE to start selling £19bn emergency bond-buying holdings The wallet will also make a CBDC product "more tangible," while helping the Bank learn about the "end-to-end user journey" and "sharpen functional requirement...

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