NASSAU, BAHAMAS- The Central Bank plans to collaborate with local commercial banks as part of its 2024 engagement strategy and leverage their existing customer base to boost the adoption of the Sand Dollar in the country executives said yesterday. They also noted that in the past several, there have been discussions with the government on […]
Central Bank governor says Littrell’s comments do not reflect the institution NASSAU, BAHAMAS — Central Bank Governor John Rolle said yesterday that the regulator is “very sympathetic” to the concerns customers have around banking fees and the quality of financial services in general. The regulator’s top inspector, Charles Littrell, told attendees of a Bahamas Institute […]
“We are going to be focusing on making an aggressive push to get more businesses enrolled in the infrastructure” NASSAU, BAHAMAS — The Central Bank estimates that in excess of 20,000 individuals are currently utilizing Sand Dollars, with “north of $300,000” of the digital currency currently in circulation. Central Bank Governor John Rolle yesterday noted that […]
Cambodia and China digital currencies ranked second and third respectively NASSAU, BAHAMAS — Professional services firm PricewaterhouseCoopers (PwC) has given the Sand Dollar the highest ranking — above even China’s digital yuan — in a report ranking Central Bank digital currencies. PwC’s Global CBDC Index 2021 examined interbank and retail central bank digital currency (CBDC) […]
NASSAU, BAHAMAS — In line with Central Bank’s full rollout of its Sand Dollar digital currency, slated for this month, Bahamian fintech company CBI Mobile (Bahamas) Ltd has completed integration and formally introduced use of the digital currency, making it available to its base of thousands of users and hundreds of merchants worldwide. CBI Mobile […]
