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Prime Minister Phillip Davis unveiled a white paper that charts out his plans for the digital asset future of the island, which he wants to make it the leader in the Caribbean.
CBDCs, or central bank digital currencies, are government-backed digital fiat or currencies used by consumers and businesses that are not subject to the same volatility as cryptocurrencies.
<p>So far, central bank digital currencies have been implemented by the Bahamas, China, Sweden, Marshall Islands, and the Organization of Eastern Caribbean States.</p>
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
What if, in the future, countries don’t need those US-dominated payment networks?