Sand dollar

Discussion in 'Digital Currencies' started by jultorsk, Oct 24, 2020.

  1. jultorsk

    jultorsk Well-Known Member Silver Stacker

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    https://www.coindesk.com/central-ba...s-landmark-sand-dollar-digital-currency?amp=1

    The Central Bank of the Bahamas has officially launched its national digital currency.

    The first of its kind in the world to have been fully deployed, the sand dollar is a digital version of the Bahamian dollar.

    Issued by the country’s monetary authority as a central bank digital currency (CBDC), the announcement of the launch came via a tweet on Wednesday.


    The project is designed to bring more “inclusive access to regulated payments and other financial services,” per the central bank’s FAQ.

    CBDCs have been a hot topic this year; China, for instance, appears to be close to launching its digital yuan, which in recent days has seen its biggest public trial. Others, like the U.S., Russia and the European Union are looking into their respective CBDC launches.
     
  2. inmizu

    inmizu Active Member

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  3. jultorsk

    jultorsk Well-Known Member Silver Stacker

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    The article is from 2018 - sorry to say but it's 'ancient' in this context ;)

    Check out what China and ECB have said. With a little research you'll find similar discussions from FED and IMF, too. If China can do it (e.g., via taking over AliPay/WeChat), any country can. I'm giving it a few years, tops.

    https://www.ecb.europa.eu/pub/pdf/other/Report_on_a_digital_euro~4d7268b458.en.pdf

    https://www.ft.com/content/7947ea4c-a21a-45bb-973c-8df54566746a

    https://www.imf.org/en/News/Articles/2020/10/15/sp101520-a-new-bretton-woods-moment
     
    kilo likes this.

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