Caribbean countries study launching their own digital currency
Curaçao and Saint Martin, through their central banks, analyze their incursion into the universe of cryptocurrencies. For this, they develop feasibility studies and application in each context
In seeking to diversify the economy and insert theirselves in the new digital tendencies, Caribbean countries are currently studying the possibility of launching their own cryptocurrencies. Curaçao and Saint Martin are two examples of this.
Through their respective central banks, the nations have designated feasibility analysis groups in the application for each territory, the benefits to their respective economies, as well as the potential risks of launching a national cryptocurrency.
In the case of Curaçao, the president of the territory, Leila Matroos-Lasten, has declared that “The Central Bank wishes to face its challenges proactively and by exploring the newest emerging technology, which will help reduce the level of use of cash within the market.”
The president stressed that the adoption of this technology will facilitate secure transactions and efficiency in communications between Curaçao and Saint Martin by signing a Memorandum of Understanding with the firm Bitt Inc.
Curaçao and Saint Martin recognize the innovation potential of digital technologies applied to the financial and banking sector.
M.Pino
Source: Bitcoin.com
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