Underlying any significant change to digital payments will be the implementation of a national e-ID system.
“We’re setting up a governance structure to ensure stability of Carib dollar in collaboration with the CTU and creating a two-tier distribution system relying on existing payment service providers.”
The BOJ chose eCurrency Mint from 43 vendors and began an eight month pilot of the currency that ended on December 31, 2021.
“We cannot outsource our development…the pace of our development is at the mercy of decision makers within and outside our environment.”
CBDCs involve various areas, including compliance, which can lead to the development of innovation in ways that more traditional financial institutions can participate in.
Eastern Caribbean Central Bank to launch DCash digital currency at month’s end.
“It is still prohibitive for us to do business with each other because we are paying significant transfer fees.”
Above: Mark Zuckerberg speaking at F8, 2019. Photo courtesy Facebook. BitDepth#1203 for June 27, 2019 The recent announcement of a…
“I believe every single person across the Caribbean at one point or another will require access to a cryptocurrency exchange.” – Gabriel Abed.
Above: The T&T Financial Complex. Photo by Mark Lyndersay. While the Central Bank welcomes technological developments that strengthen efficiency and…
Above: Sybil Welsh, ECCB, Shiva Bissessar, Pinaka Consulting Ltd and Ms Donna Wellington, First Caribbean International Bank (Barbados). Photo courtesy ECCB….
Above: Marla Dukharan of Bitt speaking at the T&T Chamber of Commerce meeting on digital currencies. Photograph by Mark Lyndersay. BitDepth#1115…
Taking note of longstanding deficiencies in electronic payments systems within some Caribbean territories and the emergence of new innovation in…
