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HomeNewsLocal NewsECCB to Launch D-Cash on March 31

ECCB to Launch D-Cash on March 31

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by Clive Bacchus

St. Kitts and Nevis (WINN): On March 31, the Eastern Caribbean Central Bank (ECCB) intends to launch its digital currency.

ECCB Governor Timothy Antoine made that announcement on Tuesday (March 16).

“The moment we’ve been anticipating will soon be here. I speak of the public roll-out of ECCB’s digital currency D-Cash. Today, I am very pleased to announce that D-cash will go live on March 3, 2021… D-Cash is safer, it is faster and cheaper. Get on board. Get ready, now. And never forget that the future of the EC dollar is digital. So let’s make history together,” shared Antoine.

Last year, the ECCB announced that on February 21, at the bank’s headquarters in Basseterre, it signed a contract with the Barbados-based Fintech company BITT INC for a block chain-issued Central Bank Digital Currency within the ECCU.

The move aimed to create and issue a securely minted digital version of the EC dollar to be distributed and used by licensed Financial Institutions and non-bank financial institutions for financial transactions between consumers and merchants through peer-to-peer transactions, all using smart devices.

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