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Mastercard and Island Pay Launch World’s First Central Bank Digital Currency-Linked Card
February 17, 2021 GMT
PURCHASE, N.Y. & NASSAU, Bahamas (BUSINESS WIRE) Feb 17, 2021
Today, Bahamians received even greater flexibility in how they shop and pay using the country’s digital currency, the first of its kind. Under a new program from Mastercard and Island Pay, the Bahamas Sand Dollar prepaid card gives people the option to instantly convert the digital currency to traditional Bahamian dollars and pay for goods and services anywhere Mastercard is accepted on the Islands and around the world.
News
Mastercard, Island Pay launch Central Bank Digital Currency - linked card Wednesday 17 February 2021 14:42 CET | News
Mastercard, Central Bank of The Bahamas, and Island Pay have teamed up to give users an additional option to use The Bahamas Sand Dollar central bank digital currency.
Under a new program from Mastercard and Island Pay, the Bahamas Sand Dollar prepaid card gives people the option to instantly convert the digital currency to traditional Bahamian dollars and pay for goods and services anywhere Mastercard is accepted on the Islands and around the world.
The digital Sand Dollar is issued by the Central Bank of The Bahamas and carries the same value and consumer protections as a traditional Bahamian dollar. In the Bahamas, there are 700 small islands and more than 5000 square miles of water.
Click HERE to find out ⭐ Mastercard Teams Up With Island Pay to Launch Central Bank Digital Currency-Linked Card in the Bahamas. | Crowdfund Insider: Global Fintech News, including Crowdfunding, Blockchain and more.
Island Pay y Mastercard lanzan la primera tarjeta digital ligada a la moneda de un banco central sinembargo.mx - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sinembargo.mx Daily Mail and Mail on Sunday newspapers.
(PHOTO VIA SHUTTERSTOCK)
NASSAU, BAHAMAS Now is the time to transform the payments industry from an ancient one to a digital one, according to a senior accountant and certified fraud examiner.
Kendrick Christie, A F A Consultants president and managing partner of K Christie and Co, told
Eyewitness News he believes 2021 is the year for a shift towards digital wallet payments as a major payment source In The Bahamas, as well as cryptocurrency.
Kendrick Christie.
According to Christie, The Bahamas is sorely underrepresented when it comes to digital forms of payment.
“The long lines at banks for cash deposits and cheque cashing is proof of this,” said Christie.