The DCash wallet and CBDC payment system were in development for at least 2 years before their official launch in 2021. The pilot, titled DXCDCaribe, was rolled out in March 2019. It was the preliminary model for the DCash system. XCD is the international ticker for the EC Dollar, the fiat currency issued by the ECCB.

Related: Australian Reserve Bank’s ‘Project Atom’ CBDC research finds numerous benefits

There are now nine countries using a CBDC across the world, according to atlanticcouncil.org. Seven nations are from the ECCU, along with The Bahamas and Nigeria. There are 21 other jurisdictions either in the pilot or development phase, and 40, including the USA, conducting research on the technology.

Only nine countries or jurisdictions are not exploring their options with a CBDC in some way according to the site.

The DCash wallet and CBDC payment system were in development for at least 2 years before their official launch in 2021. The pilot, titled DXCDCaribe, was rolled out in March 2019. It was the preliminary model for the DCash system. XCD is the international ticker for the EC Dollar, the fiat currency issued by the ECCB.

Related: Australian Reserve Bank’s ‘Project Atom’ CBDC research finds numerous benefits

There are now nine countries using a CBDC across the world, according to atlanticcouncil.org. Seven nations are from the ECCU, along with The Bahamas and Nigeria. There are 21 other jurisdictions either in the pilot or development phase, and 40, including the USA, conducting research on the technology.

Only nine countries or jurisdictions are not exploring their options with a CBDC in some way according to the site.