Advertisement
AD

Main navigation

Central Bank of Barbados on Track to Launch Digitized Dollar

Advertisement
Mon, 24/09/2018 - 15:42
Central Bank of Barbados on Track to Launch Digitized Dollar
Cover image via U.Today
Read U.TODAY on
Google News

During the 2018 Concordia Annual Summit, which at the time of writing this article is taking place in New York, Bitt’s co-founder Gabriel Abed revealed that Barbados is planning to digitize its national currency the Barbadian Dollar (BBD), CoinDesk’s Anna Baydakova broke the news. The new digital currency to be backed by the country reserves 1:1.

Advertisement

The move has to be approved by the Central Bank of Barbados along with the country’s government and Financial Services Commission.  

On Sept. 19, Barbados’s Prime Minister Mia Mottley also made an announcement about working on a new government-backed digital payment network in cooperation with Bitt.

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles

Advertisement
AD