Grenada In ECCB Digital Currency Pilot Project

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Grenada is one of four countries involved in the ECCB Digital Currency Pilot project.

The other countries are Antigua/Barbuda, St. Lucia and St. Kitts/Nevis.

The ECCB’s Research Officer, in the area of Strategic Planning and Projects Department, Kieran St. Omer says digital currency is a legal tender, digital version of the EC dollar.

The focus will be on an issuance of highly secure digital currency…payment and transfers within (ECCU) territories , domestic or regional.

Persons will be able to get involved in real-time payment processing…where there may be no longer need for the use of a bank.

St. Omer says Grenada, Antigua/Barbuda, St. Lucia and St.Kitts/Nevis have been selected based on interest from financial institutions within the region.

She says the ECCB will be developing the actual use of the digital currency over a 6-month period in a controlled environment.

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