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Tuesday, July 27, 2021

Why the Bahamas Created a Digital Currency

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The Bahamas last year became the first nation to issue its official currency in digital form. Most of the world’s central banks, including the U.S. Federal Reserve, are considering official digital currencies.

The “sand dollar” is designed to extend financial services across the Atlantic Ocean archipelago of 700 islands, where commercial banks sometimes have limited reach and not everyone accepts credit cards.

John…

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