‘Britcoin’ launch inches closer after Project Rosalind CBDC tests
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The Bank of England (BoE) is a step closer to launching its central bank digital currency (CBDC) dubbed “Britcoin” following the conclusion of a trial study called Project Rosalind.
The Bank for International Settlements and the BoE launched the joint experiment in July 2022 to explore how prototypes of an application programming interface (API) could be implemented in retail CBDC transactions.
A June 16
According to a June 16 Bloomberg report, Cunliffe told attendees of Politico’s Global Tech Day conference that the odds of a CBDC project going ahead currently stand at “seven out of ten.”
On the same day the findings from Project Rosalind were released, enterprise blockchain Quant Network announced its role as a vendor in the study. The announcement saw the price of Quant’s native QNT (QNT) token surge more than 20% from $96 to $117 within 12 hours.
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