The Bahamas Reveal Details, October Date of Landmark Central Bank Digital Currency Debut

The Bahamas Reveal Details, October Date of Landmark Central Bank Digital Currency Debut
The Bahamas' Sand Dollar central bank digital currency will begin a "gradual national" debut on October 20. (Kim Schuster/Flickr)

The Bahamas confirmed it will cross the central bank digital currency (CBDC) finish line next month.

“The intended outcome of Project Sand Dollar is that all residents in The Bahamas would have use of a central bank digital currency, on a modernized technology platform, with an experience and convenience – legally and otherwise – that resembles cash,” the central bank said.

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