Bahamas’ Sand Dollar attracted 0.5% of cash in circulation 3 years on: official
Bahamians have been willing to explore the CBDC, with 120,000 of the island’s 400,000 opening accounts, but they have only transacted $2.1 million in over three years.
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Bahamas launches Sand Dollar, the world’s first official CBDC
The Central Bank of the Bahamas has developed the Sand Dollar to be transferrable via mobile phones, making it easy to use for the residents.