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First blockchain-based digital currency
March 21 , 2019
1949 days
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- Eastern Caribbean Central Bank (ECCB) and the Barbados-based fintech company, Bitt Inc have signed a pact to conduct a blockchain-issued Central Bank Digital Currency (CBDC).
- It is a pilot project within the Eastern Caribbean Currency Union (ECCU).
- This is the first of its kind in the world and will involve a securely minted and issued digital version of the EC dollar (DXCD).
- Also, EC Dollar will be the world’s first digital legal tender currency to be issued by a central bank on blockchain.
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