The Bank of England (BOE) is seeking a “proof of concept” for a wallet that will be able to hold a Central Bank Digital Currency (CBDC). Simple guidelines for what the proof-of-concept wallet would have to achieve were outlined, with the wallet seemingly only needing to offer basic functionality such as a signup process, a way to update details, and show balances and transactions amongst other requirements such as displaying notifications. A budget of $244,500, or 200,000 British pounds, for an expected five-month project was set for the proof-of-concept with the BOE slated to evaluate five suppliers. There were no applications at the time of writing. The proof-of-concept wallet will also be test implemented with the Rosalind API. Source: Cointelegraph