Companies that applied to win over the $244,000 contract to develop a central bank digital currency (CBDC) wallet proof-of-concept (PoC) for the Bank of England (BOE) provided questions about the project.
About 20 companies submitted their applications and handed in their questions before Dec. 25.
Those who completed the applications are nine small and medium-sized enterprises and 11 large companies.
According to the BOE, the contract will be awarded to the chosen applicant on Jan. 31.
Itai Avneri, the deputy CEO of crypto platform INX, said that CBDCs and regulated crypto has the potential to complement each other.
Source: Cointelegraph