The announcement from the Deputy Prime Minister and Minister of Finance, the Hon. K. Peter Turnquest was made at the Bahamas Blockchain and Cryptocurrency Conference taking place this week.
Turnquest hopes that the Grand Bahama will become a digital hub for the entire region. He said: “The production of a modern fully digital payment service is the way forward for this era of governance. A digital Bahamian currency is especially important for the many Family Islands as they have seen many commercial banks downsize and pull out of their communities, leaving them without banking services.
“Digitization of our government and financial services complements both our ease of doing business initiatives and our digital Bahamas framework.”
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