Consumers in the Bahamas can now authorise in-store payments using the country’s Sand Dollar central bank digital currency (CBDC) from a SunCash mobile wallet with their face... More
Around 100 countries are now exploring the potential development and issuance of a central bank digital currency (CBDC), and the challenges and opportunities identified by these research projects reveal a need for “increased international information-sharing of insights learned”, according to an International Monetary Fund (IMF) report... More
Consumers in the Bahamas will be able to use mobile wallets integrated with the country’s Sand Dollar “like an ATM” and transfer the central bank digital currency to their wallet directly from their bank account, the governor of the Central Bank of The Bahamas, John Rolle, has said... More
Mastercard is seeking a role in the development of China’s central bank digital currency (CBDC) by supporting the use of the digital yuan for cross-border transactions and its conversion to and from foreign currencies, according to South China Morning Post (SCMP)... More
Projects to develop a retail central bank digital currency (CBDC) for use by consumers and businesses are “more advanced” and “particularly strong” in emerging economies, according to analysis by global consultancy firm PwC... More
Jamaica is to pilot a central bank digital currency (CBDC) over the course of this year and begin rolling it out in 2022, the country’s minister of finance Nigel Clarke has revealed during a budget speech... More
Citizens of the Bahamas can now pay for goods and services using a prepaid card that supports the country’s Sand Dollar central bank digital currency (CBDC)... More
More than four-fifths of the world’s central banks (86%) are engaged in “some form of work” on a central bank digital currency (CBDC), up from “about one third” in 2019, according to a Bank for International Settlements (BIS) survey... More
Citizens of the Bahamas can now make payments and transfers from a digital wallet using the country’s Sand Dollar central bank digital currency (CBDC)... More
The Central Bank of The Bahamas is to launch its Sand Dollar central bank digital currency (CBDC) across the entire archipelago in October, after piloting the new e-currency on the islands of Exuma and Abaco... More
The Central Bank of The Bahamas has extended its central bank digital currency pilot to the island of Abaco and revealed that the new Sand Dollar currency will include support for offline functionality... More
The Central Bank of The Bahamas has begun pilot testing a digital version of the Bahamian dollar that uses QR codes to let users make payments and transfer funds using their smartphones... More
