The Bahamas Reveal Details, October Date of Landmark Central Bank Digital Currency Debut

Technology

The Bahamas confirmed it will cross the central bank digital currency (CBDC) finish line next month.

“The intended outcome of Project Sand Dollar is that all residents in The Bahamas would have use of a central bank digital currency, on a modernized technology platform, with an experience and convenience—legally and otherwise—that resembles cash,” the central bank said.

Products You May Like

Articles You May Like

Ghanaian and Nigerian Central Bank Open Respective Regulatory Sandbox Application Processes
Binance stablecoin BUSD sees a sharp market cap drop amid solvency and mismanagement worries
Bitcoin Difficulty Surges 4.68%, Taps New All-Time High; Metric Set to Surpass 40 Trillion
Genesis Capital’s fall might transform crypto lending — not bury it
South Korea to deploy cryptocurrency tracking system in 2023

Leave a Reply

Your email address will not be published. Required fields are marked *