Point-of-sale proof of concept

Solution

Point-of-sale proof of concept

The Bank of England conducted a point-of-sale proof of concept to test whether a potential UK digital pound could be used for everyday in-store payments using existing payment infrastructure. The experiment demonstrated that current UK point-of-sale terminals could technically initiate digital pound payments using EMV standards and smart cards without requiring major hardware modifications.

  • Use cases, geography and tags
  • Organizations that created, adopted or are mentioned
  • Ecosystem position
  • Link to the original asset
  • Comments and reactions