The Central Bank of The Bahamas will host the first Bahamas Chamber of Commerce and Employers’ Confederation (BCCEC) Power Breakfast of the year, on Wednesday, 12th February 2020. Under the theme, “Project Sand Dollar: A Bahamas Payments System Modernisation Initiative”.
This breakfast will provide many members of the Bahamian business community with a first look at Sand Dollar. Local money transfer businesses (MTBs) and payment service providers (PSPs) will also be invited to set up demonstration kiosks at the breakfast, featuring their digital payment solutions.
What is Project Sand Dollar?
Project Sand Dollar is the initiative embarked by Central Bank of The Bahamas to issue its own digital version of the Bahamian dollar as well as implement the appropriate digital payments system infrastructure to sufficiently underpin the operation of a digital currency ecosystem.
Why does the Central Bank of The Bahamas think we need this?
To advance more inclusive access to regulated payments and other financial services for under-serviced communities and socio-economic groups as well as to reduce service delivery costs and increase transactional efficiency for financial services across the Bahamas.
For more information, visit http://www.sanddollar.bs/.
(Information taken from The Central Bank)