The national rollout of the Sand Dollar from the Central Bank of the Bahamas (CBOB) now has nine authorized financial institutions (FIs) that have completed the interoperability process, allowing them to communicate and exchange funds among the various platforms, the Nassau Guardian reported on Wednesday...
The Sand Dollar state-backed cryptocurrency is now available to each of Bahamas’ nearly 400,000 inhabitants, Finance Magnates reported. The initiative’s website noted that the digital currency’s transaction fees are minimal, as noted by the outlet. For its part, the Sand Dollar was rolled out with...
January 15, 2023
The Bahamas’ two-year-old digital currency project has gotten off to a slow start. The reasons are twofold, according to a Saturday (Jan. 14) Bloomberg News report: COVID-19, and FTX. Kimwood Mott, the project manager for digital currency implementation at the Central Bank of the Bahamas, blames the slow start of the country’s Sand Dollar on […]
May 05, 2021
The national rollout of the Sand Dollar from the Central Bank of the Bahamas (CBOB) now has nine authorized financial institutions (FIs) that have completed the interoperability process, allowing them...
October 26, 2020
The Sand Dollar state-backed cryptocurrency is now available to each of Bahamas’ nearly 400,000 inhabitants, Finance Magnates reported. The initiative’s website noted that the digital currency’s transaction fees are minimal,...
