Central Bank of Bahamas Launches Landmark ‘Sand Dollar’ Digital Currency
The Bahamas has officially launched the world's first national digital currency, the sand dollar.
Carney has argued for a digital replacement to fiat, amid the U.S. dollar’s waning hegemony.
Job postings describe a walled garden-type digital currency that could roll out in emerging economies.
"We’re not a bank and we don’t want to become a bank and we don’t want to compete with our customers who are banks," said Brad Smith.
The group is preparing to conduct a feasibility study for its virtual currency in 2021.
The multinational banking giant has been calling digital currency all but inevitable since 2014.