Bitt breaks new ground with digital currency transaction

(Barbados Today) International financial technology firm Bitt has executed its first successful retail central bank digital currency (CBDC) consumer-to-merchant transaction using DCash, in partnership with the Eastern Caribbean Central Bank (ECCB).

DCash is the newly developed ECCB digital currency. The transaction was completed at Geo F. Huggins’ Foodland, in the island of Grenada on Friday, February 12, 2021, as part of the digital cash infrastructure project.

Commenting on this achievement, Governor of the ECCB Timothy Antoine said “this transaction is a major milestone in our mission to place DCash in the hands of the people of the Eastern Caribbean Currency Union (ECCU)”.

“I congratulate Geo Huggins on making history. We are now on the cusp of the public launch of DCash,” said Antoine.

Read more at: Barbados Today

Source: CARICOM TODAY