The Eastern Caribbean Central Bank (ECCB) gets closer to the launch of the digital version of the EC Currency (DCash). DCash can be used to send and receive funds, pay for goods and services, and transact business in a safer, faster, cheaper way.
Chairperson of the ECCB Fintech Working Group, Sharmyn Powell, explained how persons can sign up to use DCash. Powell said persons can sign up as a registered based user or a value based user.
¨For value based, if you have an account with one of the participating financial institutions then you can get a registered based wallet through that financial institution. However, if your financial institution is not participating, or you do not have a bank or credit union account, then you get a value based wallet¨ Powell said.
The pilot is being conducted initially in four of the ECCB member countries namely: Antigua and Barbuda, Grenada, Saint Christopher (St Kitts) and Nevis and Saint Lucia.