Bahamas To Provide Sand Dollar CBDC Access Via Commercial Banks

Quick Summary:

The Bahamas will provide access to its central bank digital currency (CBDC) the "Sand Dollar” through commercial banks.

This move is to  increase adoption as the Bahamas’ Sand Dollar has seen low uptake in some regards.

Reuters described low adoption statistics amid the news.

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Article Details

Author / Journalist: Sofiya

Category: Crypto

Markets: IndiaBahamas

Topics: Provide Commercial banks News Latest News Sand Dollar Access CBDC

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-02 @ 14:21:14 (2 days ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 370 words

Reading Time: 3 minutes read

Sentences: 23 lines

Sentence Length: 17 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 21461730

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About BitcoinWorld

Main Topics: Crypto

Official Website: bitcoinworld.co.in

Update Frequency: 16 posts per day

Year Established: 2020

Headquarters: India

News Last Updated: 10 hours ago

Coverage Areas: India

Ownership: Independent Company

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Publisher ID: #121

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