The Bahamas Central Bank Wants To Make Its Digital ‘Sand Dollar’ Global
PANewsKR 2020-10-16 08:13:02
The Central Bank of The Bahamas (CBOB) is planning to make its central bank digital currency project interoperable on an international level. Bobby Chen, the CBOB’s assistant manager of electronic solutions, claimed that The Bahamas’ digital currency — dubbed the “Sand Dollar” — should eventually be interoperable with other global currencies. Chen said, “At the moment, it is currently only used in a domestic setting, but eventually we are working on a solution that will make it interoperable with other global currencies.” The national rollout of this currency is scheduled for October 20.