The British Virgin Islands Are at the Forefront On Cryptocurrency

The East Caribbean Central Bank announced a test of a digital East Caribbean dollar, called the DXCD. The bank wants consumers and businesses to pay for goods and services between the six island economies making up the ECCB area with the cryptocurrency using smartphones, tablets, laptops and other gadgets. The central bank of another Caribbean island nation, Aruba, forecasts a national cryptocurrency would boost the local economy by up to 5 while the region has not had GDP growth of more than 0.5% for more than two decades.

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