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by AirBourne / February 18th, 2021 Bahamians just 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. 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. The digital currency can be used to facilitate government disbursements, offer additional payment choices and build a more inclusive economy. In The Bahamas, there are 700 small islands and more than 5000 square miles of water. Cash money movement becomes costly, which makes a central bank digital currency (CBDC) a preferred digital payment in the region. In the future, the Sa

John rolleRichard douglasCentral bankIsland pay launch worldFirst central bank digital currency linkedIsland payBahamas sand dollarSand dollarSand dollarsBahamas governorஜான் ரோல்ரிச்சர்ட் டக்ளஸ்மைய வங்கிதீவு செலுத்த ஏவுதல் உலகம்முதல் மைய வங்கி டிஜிட்டல் நாணய இணைக்கப்பட்டுள்ளதுதீவு செலுத்த