Blockchain Startup to Help Curacao and Sint Maarten C-Bank Assess Digital Currency Idea
Cryptovest
Published Aug 14, 2018 05:59AM ET
Updated Aug 14, 2018 07:01AM ET
Blockchain Startup to Help Curacao and Sint Maarten C-Bank Assess Digital Currency Idea
Barbados-based blockchain company Bitt will work with the Curacao and Sint Maarten (CBCS) central bank to examine whether issuing a digital currency will be beneficial. The collaboration is the result of a memorandum of understanding (MoU) signed on August 3, Bitt said in a statement on Monday.
Due to the formation of a monetary union in 2010, the two Dutch constituent countries share one currency, the Netherlands Antillean guilder. However, the use of a common currency creates challenges for the two Caribbean islands as the physical distribution of money across the sea is rather costly and time-consuming, Bitt...
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