Bahamas Central Bank Enters Agreement to Deliver First National Digital Currency by 2020

The Central Bank of the Bahamas (CBOB) will enter an official agreement for development of a digital fiatcurrency system on May 30, local news agency the Nassau Guardian reports on May 29.

Tomorrow, the CBOB will sign an official agreement with transaction provider NZIA in order to build and implement “Project Sand Dollar,” the first digital currency in the Bahamas, the report notes.

The Bahamian central bank first announced NZIA as its key collaborator for the project in early March 2019, along with Singapore-based softwaredevelopment firm Zynesis.

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