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Central banks around the world in the race for virtual currencies

2021-03-25T18:55:40.100Z


From the Bahamas to China and Europe, projects are multiplying. The 390,000 inhabitants of the Bahamas are the first in the world to be able to use an official digital currency in their daily lives. The “sand dollar” was launched last October. It makes it possible to pay purchases or bills from a mobile phone, via a technological platform managed by the State. In its picture-postcard landscape, coconut palms and white sand, the archipelago, devastated by Hurri


The 390,000 inhabitants of the Bahamas are the first in the world to be able to use an official digital currency in their daily lives.

The “sand dollar” was launched last October.

It makes it possible to pay purchases or bills from a mobile phone, via a technological platform managed by the State.

In its picture-postcard landscape, coconut palms and white sand, the archipelago, devastated by Hurricane Dorian in 2019, relies on this tool to strengthen access to means of payment for residents of the most remote of the 700 islands that make it up, sometimes far from any banking service.

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"Sand dollar", "e-crown" ... States are embarking on the race for cryptocurrencies

The Bahamas caught everyone off guard.

On the other side of the planet, and on another population scale, China is in the process of extending its e-yuan to the public, which has been tested in life size for a year in four major cities in the country.

For a few days now, six commercial banks have been offering their customers digital portfolios with the virtual version of the national currency, under the aegis of the

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Source: lefigaro

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