Digital Paradise: The Bahamas to Bring Digital Currencies into Practice

[Goodcat49]

The Central Bank of Bahamas has revealed plans of introducing a pilot digital currency for the nation.

During the Bahamas Cryptocurrency and Blockchain Conference, Peter K Turnquest, Deputy Prime Minister and Minister of Finance made it clear earlier this week that the production of a modern, fully digital payment is a way to go especially in this current tenure of governance.

The conference ended on Friday and attracted very many important local and international participants acquiring useful knowledge and information surrounding cryptocurrency and blockchain from expert professionals who are already in the field.

Business Initiatives and Transportation System to Improve
A digital Bahamian currency is more useful for very many Family Islands since they have observed a lot of commercial banks downsize and leave their communities without banking services. Since the transportation system for the Bahamas is expensive and inconveniencing many users such as elderly, financial services must be offered in digital form and make sure that they are secure.

The minister also said that digitisation of financial institutions and the government eases the way how business initiatives are done plus digital Bahamas framework at large. A new online interface for all startup companies that are registering their ventures for the first time in the country will be the first step to be taken.

The minister believes that very soon the government will bring into practice a pilot programme using blockchain certifications for all graduates at the National Training Agency.

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/digital-paradise-the-bahamas-to-bring-digital-currencies-into-practice/