Yesterday the Eastern Caribbean Central Bank (ECCB) launched its central bank digital currency (CBDC) pilot, DCash. The Eastern Caribbean Currency Union (ECCU) consists of eight islands, but the pilot will cover four of them, Antigua and Barbuda, Grenada, Saint Christopher (St Kitts) and Nevis and Saint Lucia. Members of the public can now freely use the app.
“The future of the EC Dollar is digital, so let’s make history together,” said Central Bank Governor Timothy N. J. Antoine.
The mobile phone app can be used to make payments to merchants or person-to-person payments.
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