The world’s first fully deployed central bank digital currency (CBDC) has arrived in the Bahamas with the rollout of the Bahamian CBDC, dubbed the Sand Dollar.
There are several intriguing elements which set the Sand Dollar apart from most other CBDCs currently in the works.
One is that it’s a form of retail CBDC, meaning it’s the direct liability of the central bank and that instead of working behind the scenes as a wholesale CBDC, the Sand Dollar is intended to be put straight into the hands of consumers to start delivering benefits immediately.
Read more: https://www.finder.com.au/bahamian-sand-dollar-now-worlds-first-fully-deployed-cbdc
