The Central Bank of the Bahamas is in the process of piloting a digital Bahamian dollar which pits it in the running to be the first digital currency by a central bank (CBDC) alongside China’s pilot of its digital yuan. Called Project Sand Dollar, the currency – named the Bahamas Sand Dollar – is undergoing a pilot in Exuma, a district of the Bahamas, which will last for the first three months of 2020 before it extends to Abaco, a group of islands and barrier cays in the northern Bahamas, from April 2020. It pits it in the running to…
Central Bank of the Bahamas pilots digital Sand Dollar
Central Bank of the Bahamas pilots digital Sand Dollar
