ECCB approves Royal Bank of Canada sale jamaicaobserver.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jamaicaobserver.com Daily Mail and Mail on Sunday newspapers.
Bitt breaks new ground with digital currency transaction
Article by February 25, 2021
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)”.
Governor of the Eastern Caribbean Central Bank (ECCB), Timothy Antoine, has confirmed that his organisation will be approving the sale of Royal Bank of Canada…
ECCB approves sale of RBC Eastern Caribbean assets
The West Mall branch of RBC.
The Eastern Caribbean Central Bank (ECCB) has given approval for a consortium of indigenous banks to purchase RBC’s assets throughout the Easter Caribbean. In a release Friday, the Caribbean Association of Banks (CAB) said ECCB Governor Timothy Antoine the approval. The sale includes operations in Antigua and Barbuda, Dominica, Grenada, Montserrat, St Lucia, St Kitts and Nevis, and St Vincent and the Grenadines. The assets will be sold to First National Bank in St Lucia; Antigua Commercial Bank; National Bank of Dominica; Bank of Montserrat; and Bank of Nevis. The value of the transaction was not given.
Approved: RBC Sale to Eastern Caribbean Bank Consortium - The St Kitts Nevis Observer thestkittsnevisobserver.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestkittsnevisobserver.com Daily Mail and Mail on Sunday newspapers.