On Friday the Bank of England opened applications for suppliers to provide a sample wallet for a central bank digital currency (CBDC). The application deadline for the £200,000 project is 23 December.
The work is part of Project Rosalind, an initiative of the BIS Innovation Hub in London to develop application program interfaces (APIs) for CBDC, aiming to enable interoperability for CBDCs. In other words, how a central bank’s central CBDC ledger can interface with private sector payment providers.
Without sufficient integration with banks and other applications, the demand for any CBDC will likely be limited.
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