DIGITAL CURRENCIES CAN PROVIDE VIABLE PAYMENT ALTERNATIVE FOR SMALL BUSINESSES AND THE UNBANKED
n six months, Barbados and Jamaica are set to become the first Caribbean territories to access a new pan-Caribbean digital payment settlement system, called CaribDollar (Carib$). Carib$, a stablecoin, is the creation of partners Abed Ventures Inc., out of Barbados, and German entrepreneur, Dr. Jan Schröder. This revelation came at the Caribbean Telecommunications Union’s (CTU) webinar, Demystifying Cryptocurrency and Digital Cash in the Caribbean held, virtually, on Friday 3 June 2022, which was moderated by Amit Uttamchandani, Technology and Business Professional from Barbados.
