Eastern Caribbean Central Bank official says CBDC is ‘foolproof’


The Eastern Caribbean Central Bank is inviting members of the public to register for access to its central bank digital currency (CBDC), in preparation for the second phase of its pilot.

“This will be a momentous, life-changing venture,” says Sharmyn Powell, chair of the ECCB’s fintech working group. “It will provide members of the public with a faster, safer and cheaper way to make payments”.

In March 2019, the ECCB launched the first phase of its CBDC pilot, known locally as “DCash”. The

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