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FAQ's

? Why does the Central Bank of The Bahamas think we need this?

To advance more inclusive access to regulated payments and other financial services for under-serviced communities and socio-economic groups; as well as to reduce service delivery costs and increase transactional efficiency for financial services across The Bahamas.

Other FAQs

? What is Project Sand Dollar? ? 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? ? Is Sand Dollar a cryptocurrency like Bitcoin? ? 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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