Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
Sand Dollar
Bahamas Launches National Digital Currency “Sand Dollar”
The Central Bank of the Bahamas (CBOB) today officially introduced its own central bank digital currency (CBDC), the “Sand Dollar.” This makes the Bahamas one of the first countries in the world to launch a CBDC beyond a pilot program. The information was shared during a webinar broadcast on Facebook via the dedicated Sand Dollar page. Today, the 386,000 inhabitants of the archipelago can create a digital wallet on their smartphone and carry out transactions. The entire Sand Dollar ecosystem…
5 years ago
What We Know About The World’s First CBDC, the Bahamas Sand Dollar Launch
The cryptocurrency revolution is in full swing, and countries worldwide are racing against time and each other to implement it. While everyone had their sights on China and the United States, the Bahamas' tiny nation island announced that they would launch its digital currency in October 2020. The “Sand Dollar” of the Bahamas will most likely be the first central bank digital currency (CBDC) worldwide. Many years from now, when most of the planet’s nations will boast their well-established CBDCs,…
5 years ago