The Bahamas Edges Closer to Hurricane-Proof Digital Currency
The Bahamas is betting its mobile phone-based digital currency could be the key to faster post-disaster economic recovery.
Fintech company EMTECH is launching a compliance platform that helps central banks tackle compliance issues or safely test their central bank digital currencies.
The Bahamas has officially launched the world's first national digital currency, the sand dollar.
"Every tether is backed by a reserve and their reserve is more than what is in circulation," said Gregory Pepin, Deltec Bank's deputy CEO.
The Bahamas has unveiled key details of its historic launch of a central bank digital currency, now slated to debut on Oct. 20.
The Bahamas' "Sand Dollar" will likely be the world's first live central bank digital currency when it launches in October.