The governor of the Central Bank of the Bahamas (CBOB) says the digital Sand Dollar pilot project will be expanded to all of the countrys islands beginning in Q2 2020.

According to a report by local publication The Tribune, CBOB governor John Rolle has confirmed that the Bahamian digital dollar will be launched on all islands in Q2 2020. The test pilot, titled Project Sand Dollar, has been limited to the island of Exuma since December, with the central bank planning to address the Bahamas Chamber of Commerce and Employers Confederation on the initiatives development.

Rolle explained that the CBOB currency was originally planned for launch in the Abaco region before switching to Exuma.

The Tribunes report claims the central bank is still in the process of enrolling all of the 1,200 citizens who signed up for the project in Exuma, with an additional 2,000 expressing interest in the initiative,

Rolle stressed that the new currency is a digital equivalent of the existing Bahamian dollar, rather than a tool for speculation.

Were looking at a digital representation of our currency. Its not a different currency; its the same currency. In law, it will never be different. It cant differ in value in any way or the other so Sand Dollars can never be priced different from Bahamian dollars.

Excerpt from:

Bahamas: Digital Sand Dollar Expands - The St. Kitts-Nevis Observer