September 29, 2020

ECCB to issue world’s first blockchain-based digital currency

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From ECCB The Eastern Caribbean Central Bank (ECCB) and the Barbados-based fintech company, Bitt Inc. (Bitt) have signed a contract to conduct a blockchain-issued Central Bank Digital Currency (CBDC) pilot within the Eastern Caribbean Currency Union (ECCU). The watershed contract was signed on 21 February at the ECCB’s Headquarters in Basseterre, St Kitts and Nevis. […]

Eight Caribbean island economies could adopt central bank-issued cryptocurrency

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By ADAM REESE FROM ETHNEWS.COM According to an MoU signed by the premier of Montserrat, the eight island economies comprising the Eastern Caribbean Currency Union may have a central bank-issued cryptocurrency in their future. In a February 15 Facebook post, the Government Information Unit Montserrat revealed that Donaldson Romeo, the British Territory’s premier and finance […]

Barbadian Digital Dollar company Bitt partners with Colu and Netki for fiat currency on Bitcoin blockchain

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By Ian Allison From International Business Times Following the launch of the Barbadian Digital Dollar, Bitt Inc, the fintech firm behind the new Caribbean cryptocurrency, has partnered with intuitive Wallet Name Service provider Netki and coloured coins pioneer Colu. This partnership will allow users to easily hold and transfer local fiat currencies using the Bitcoin […]