#CryptoCurrency / Bitcoin Daily: Bahamas Takes Digital Sand Dollar Nationwide

The Sand Dollar state-backed cryptocurrency is now available to each of Bahamas’ nearly 400,000 inhabitants… the Sand Dollar was rolled out with the help of decentralized, wireless payments system NZIA, which served as the technology solutions provider for the cryptocurrency’s launch.

The cryptocurrency, which can be mailed and received through a mobile phone app, is meant to foster financial inclusion across a region composed of over 700 islands. The news comes as the Eastern Caribbean Central Bank (ECCB) rolled out its own cryptocurrency initiative in 2019.