Bahamas central bank changes design of Sand Dollar to meet rising demand for payments

The President of the Central Bank of the Bahamas (CBOB), John Rolle, said the bank expects to make design changes to its central bank digital currency project, Sand Dollar, to help meet the payment needs caused by the new crown virus outbreak. He added that due to the outbreak, the bank had no intention to speed up the project. Rolle said: "The central bank expects that some design improvements in Sand Dollar may address new payment needs that are currently emerging, but we still need to make use of them within the limited scope of Abaco and Exuma This pilot considers these issues. The Sand Dollar infrastructure is progressing steadily according to a timetable and is adapting to restrictions on the supply of equipment and supplies to the Bahamas. "