Sand Dollar Bahamas
The central bank will introduce a digital version of the bahamian dollar starting with a pilot phase in exuma in december 2019 and extending in the first half of 2020 to abaco.
Sand dollar bahamas. Sand dollar cay is a fabulous 24 acre private island situated in the beautiful and almost undiscovered berry island chain of the bahamas. The surrounding sea dazzles with different shades of turquoise and blue hues. There are four superb white sand beaches.
What is project sand dollar. Provider for bahamas digital currency the central bank of the bahamas is pleased to announce the selection of nzia limited as the preferred technology solutions provider to design and implement the digital fiat currency system for the bahamas. Project sand dollar is the official name for this payments system modernisation initiative.
Bahamas sand dollar aims to streamline the tourism economy. This initiative has acquired the name project sand dollar with the sand dollar also being the name assigned to the proposed central bank digital currency cbdc. The central bank of the bahamas cbob launched its digital currency called sand dollar friday on exuma with governor of cbob john rolle explaining that when the digital currency is distributed nationally after its six month integration period all residents of the bahamas will have access to financial services.
Thus the bahamas sand dollar is in a way co related to the usd as well adding to its credibility factor. Project sand dollar is the initiative embarked by central bank of the bahamas to issue its own digital version of the bahamian dollar as well as implement the appropriate digital payments system infrastructure to sufficiently underpin the operation of a digital currency ecosystem.
