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LONDON (Reuters) - It didn’t seem like a revolution.
Dawn Sands, owner of NRG cafe, takes payment from a customer with central bank digital currency in Nassau, the Bahamas in November 2020 in this handout image obtained by Reuters on December 17, 2020. Central Bank of The Bahamas (CBoB)/Handout via REUTERS
A botanical green smoothie and a snapper fish burger, it was. In a Bahamas health-food cafe.
But future generations might look back at this as a pivotal moment - the first national launch of a technology that could upend commercial banking and even shake the U.S. dollar’s status as the world’s de facto currency.
THE STANDARD By
Reuters |
December 22nd 2020 at 05:00:00 GMT +0300
It did not seem like a revolution. A botanical green smoothie and a snapper fish burger, it was. In a Bahamas health food cafe.
But future generations might look back at this as a pivotal moment - the first national launch of a technology that could upend commercial banking and even shake the US dollar’s status as the world’s de facto currency.
The refreshments were among the first items bought using the Sand Dollar, a digital currency issued by the Bahamian central bank for use across the country via an app.