Bank of England releases project tender application for "CBDC Sample Wallet Proof of Concept and Research"

According to Cointelegraph, the Bank of England (BOE) has issued a bidding application for the "CBDC Sample Wallet Proof of Concept and Research" project in the UK government's digital market. The budget range is 200,000 pounds, and the project period is 5 months. Deadline. The application outlines simple guidelines that a proof-of-concept wallet must implement. The wallet appears to only need to provide basic functionality such as a sign-up flow, a method to update details, display balances and transactions, and display notifications among other requirements. It must also prove that it can use a CBDC Recharge and withdraw funds from commercial banks, and be able to request peer-to-peer payments through account IDs or QR codes, and can be used for online payments with businesses. The key deliverables of the project are the creation of a mobile application for iOS and Android, a wallet website, and a sample merchant website and backend infrastructure to serve the wallet website and application while storing user data and transaction history.