The Sand Dollar retail CBDC was born out of the fact that the Bahamas is an archipelago of over 700 islands, stretched over 10,000 square miles. “The idea to be able to provide reliable financial services and equal access all throughout the islands has been a challenge from the very beginning,” Allison Middleton, media and public relations specialist at the Central Bank of the Bahamas, says.

Some islands have one bank serving them, others none. Some people have to take a boat, and then rent a