Is this a cryptocurrency like Bitcoin?

? Is Sand Dollar a cryptocurrency like Bitcoin?

No, Central Bank Digital Currency is issued and regulated by Central Bank of The Bahamas and shares the same monetary stability as the Bahamian fiat.

Other FAQs

? What is Project Sand Dollar? ? Why does the Central Bank of The Bahamas think we need this? ? Is the Central Bank planning on taking the country cashless? ? What is the difference between Central Bank Digital Currency (CBDC) vs. Bitcoin and other Cryptocurrencies? ? What is an e-wallet? ? Where are Digital B$ accepted? ? Is the system secure? ? What is Blockchain? ? Why is Sand Dollar referred to as "the digital Bahamian dollar?" ? Is Sand Dollar Legal Tender? ? What is Sand Dollar backed by? ? Can Sand Dollar be used internationally?

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