The Eastern Caribbean Central Bank (ECCB) has captured the Central Banking Publications FinTech and RegTech Global Award for its pioneering D-Cash Project.
The Project was developed with technology partner, Bitt Inc., and was successfully launched on 31st March during the COVID-19 pandemic.
The FinTech and RegTech Global Awards celebrate the innovations and achievements of central banks and technology partners around the world, in the areas of financial and regulatory technology.
The award recognizes Central Bank Digital Currency (CBDC) proof-of-concept or pilot, which has been designed for the purpose of either financial inclusion, payment- efficiency, or transition towards a less cash-reliant society.
In his acceptance speech, ECCB Governor, Timothy Antoine, said financial inclusion and empowerment are at the heart of their innovation, D-Cash.
Governor of the Eastern Caribbean Central Bank, Timothy Antoine.
The DCash project is one of the ECCB’s strategic initiatives aimed at ensuring a strong, diversified and resilient financial sector.
It’s already in public circulation in four of the eight ECCB member countries, Antigua and Barbuda, Grenada, St. Christopher (St. Kitts) and Nevis and St. Lucia.
It will soon be rolled out in the remaining ECCB member countries, Anguilla, the Commonwealth of Dominica, Montserrat and Saint Vincent and the Grenadines, by September.
