Bahamian central bank chooses start-up to spearhead CBDC project

Digital currency

The Central Bank of The Bahamas has selected a technology provider to develop its planned digital fiat currency, it announced in a press release on March 1.

After a tender process, blockchain startup NZIA was selected to design and implement the central bank’s payments system initiative, Project Sand Dollar.

According to the central bank, NZIA “brings together the collective know-how and expertise of IBM, a leader in enterprise blockchain, along with Zynesis, a Singapore-based software

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