Spain’s Central Bank Opens Call for Proposals for Wholesale CBDC Project
The proposal period for financial institutions and other technology providers will end on January 31.
The Bank of Spain plans to start a wholesale central bank digital currency project and has called on finance institutions and tech providers to submit proposals by January 31.
The bank’s new program simulates the use of a CBDC for wholesale transactions. This is a transaction that transfers funds between banks and financial institutions.
The bank clarified that the program isn’t related to research the European Union is doing on a retail digital euro. Separately, this September, France’s central bank announced two projects to assess the potential of a wholesale CBDC.