UN Commission Calls On Caribbean to Become Digital Currency Hub
The UN Economic Commission for Latin America and the Caribbean (ECLAC) has published a report examining digital currencies and how they can be used to address regional payments issues. Written with the aim of providing local policy makers with a balanced appraisal of the benefits and risks of digital currencies such as bitcoin, the report examines the use of the technology in the Caribbean and discusses the broader context of its emerging use at the global level. Notably, the paper recommends further exploration into the technology with the ultimate aim of turning the region into a FinTech....
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But there is more, as Caricoin allows users to pay for goods and services sold by thousands of online retailers. When looking at things from a broader perspective, there are quite a few digital currency initiatives in circulation already. Caricoin, a project that has not made any headlines outside of the Caribbean, has been pretty successful so far. This Bitcoin wallet solution tailored specifically to the needs of Caribbean users and enterprises helps push Bitcoin adoption n that part of the world to new heights. What makes the Caricoin solution so appealing is how it can be set up by....
The Eastern Caribbean Central Bank (ECCB) expanded its CBDC (DCash) to two more nations of the commonwealth: Dominica and Montserrat. Now, the digital version of the EC dollar has been rolled out in seven out of all eight-member from ECCU countries. The Eastern Caribbean dollar (EC$) is the currency used by the members of the Organisation of Eastern Caribbean States (OECS), and a central bank’s pilot project rolled out the DCash as a digital version of the currency that can be sent and received through a free app for users based in any eastern Caribbean country that has launched the....
All the new app needs to do now is to integrate Bitcoin payments, which seem to be gaining traction in The Caribbean as of late. Exciting things are happening on The Caribbean. As Bitcoin adoption seems to thrive in the region, online shopping is becoming a new point of focus. CaribShopper, a company with markets in 16 countries, has partnered with eBay to create a new application. Caribbean shoppers can now purchase items off the auction website through the eBay powered by CaribShopper app. Although many people overlook the Caribbean when it comes to finance and payments, the region is....
The ECCB has launched a regional central bank digital currency in partnership with Caribbean fintech outfit Bitt. The Eastern Caribbean Central Bank, the main financial institution of the Eastern Caribbean Currency Union, has launched DCash.The ECCB announced the launch of its CBDC for the region via a media event held on Wednesday.DCash is the digital version of the Eastern Caribbean dollar — the official currency of the eight countries in the union.However, as announced during the launch, DCash is only available in four of the currency union’s member states: Grenada, St. Kitts and Nevis,....
Caribbean digital currency exchange Bitt has launched today, having secured $1.5m seed funding from local VC group Avatar Capital. The exchange, based in Barbados, is powered by AlphaPoint, an exchange technology platform provider that also offers its solutions to Bitfinex and Cointrader. Also a remittance channel and merchant processing gateway, Bitt claims to have implemented