ECCB extends digital cash to St Vincent
CBDC pilot expanded to fifth country as it struggles with aftermath of volcanic eruption
The Eastern Caribbean Central Bank (ECCB) announced on July 30 its DCash digital currency was now circulating in St Vincent and the Grenadines. The ECCB said the move would help St Vincent recover from the eruption of La Soufrière volcano, which exploded on April 9.
DCash is the ECCB’s retail central bank digital currency. DCash uses blockchain technology for verification and recordkeeping. The ECCB launched DCash in four of its eight jurisdictions on March 31.
The ECCB initially said it would
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