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Eastern Caribbean CBDC expands to another two territories
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The Eastern Caribbean Central Bank (ECCB) rolled out its digital payment system to The Commonwealth of Dominica and the British overseas territory of Montserrat on Dec. 7, leaving only Anguilla left among the eight countries planning to implement it.
The ECCB launched the “EC dollar” Central Bank Digital Currency (CBDC) in March 2021 in collaboration with DCash to Antigua and Barbuda, Grenada, Saint Christopher (St Kitts) and Nevis, and Saint Lucia. In August, it was expanded to Saint Vincent and the Grenadines.
DCash is a payment system designed specifically for use with the digital EC currency. The wallet app allows holders to make purchases and person-to-person transfers of the CBDC within the Eastern Caribbean Currency Union (ECCU).
The
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