Central Bank has developed the infrastructure component and the back-end for the country’s central bank digital currency (CBDC). However, the Bank wants to foster the creativity of local fin-tech firms, developers and start-ups. It is hoped that Sand Dollar will be a catalyst for front-end, customer-facing services and solutions not yet imagined. Being one of the first CBDCs in the world, local fin-tech developers are encouraged not to limit their vision to the local market, but to think globally when designing and developing their solutions.
If you are a local fin-tech firm or a Central Bank of The Bahamas supervised financial institution (SFI) interested in contributing to the developmental advancements of the Sand Dollar ecosystem, please contact us using the form below: