Mastercard, Central Bank of The Bahamas and Island Pay has partnered to give people option to use The Bahamas Sand Dollar central bank digital currency
Bahamians this week received even greater flexibility in how they shop and pay using the country’s digital currency, the first of its kind.
Under a new programme from
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
Mastercard and Island Pay Roll Out First Central Bank Digital Currency-linked Card paymentsjournal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from paymentsjournal.com Daily Mail and Mail on Sunday newspapers.
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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.