America’s Oldest Central Bank, Bitcoin Startup Partner to Explore Digital Currency

August 25, 2018


The Central Bank of Curacao and Sint Maarten (CBCS) has announced a partnership with blockchain technology firm Bitt aimed at exploring the issuance of a digital currency for Curacao and Sint Maarten island nations.Per the chief executive of Bitt, Rawdon Adams, a digital currency will be especially relevant to the two countries, which are both constituent countries of the Netherlands and which share the same monetary union. This is because the risks and costs incurred by the CBCS in printing and distributing physical cash across the monetary union will be greatly reduced. Additionally, it will be convenient for citizens and residents of the region. “A central bank issued digital currency, which can be used on mobile wallets, facilitates secure and frictionless financial transactions and payments, using a mobile phone/tablet, within each jurisdiction and across jurisdictions in the monetary union,” said Adams in a statement. “This solution is particularly powerful in the case of cross-border transactions, which can take days even within a monetary union, and the cost of which is only increasing.”


Share on Facebook
Share on Twitter
Please reload

Featured Posts

#Binance Adds #BTT/PAX, BTT/TUSD and BTT/USDC Trading Pairs

February 14, 2019

Please reload

Recent Posts
Please reload

Beginner's Bitcoin Buying Guide

Learn how to buy

bitcoin with this free step by step guide for  beginners.

Click here to read

Please reload


© 2018 by  - email  us:

Terms of Use and Privacy Policy Disclaimer: Most of the articles, ratings, and reviews are posted because we are compensated in some way.

Follow Us
  • Facebook Basic Square
  • Twitter Basic Square