10 August 2021, Bridgetown, Barbados – Global fintech company, Bitt, has been awarded as the ‘Most Empowering Cross-Border Payment Systems Provider – Caribbean’ during Wealth & Finance Magazine’s 2021 FinTech Awards.
The international quarterly publication recently announced its extensive list of awards for individuals, companies and enterprises that are working in the diverse global financial technology industry. Bitt was lauded based on its work with the Eastern Caribbean Central Bank’s (ECCB) digital currency (DCash) pilot.
The DCash pilot provides a live cross-border case study of Bitt’s Digital Currency Management System (DCMS) within every level of the Eastern Caribbean Currency Union’s (ECCU) financial ecosystem including the central bank, financial institutions, government agencies, businesses, organisations and consumers.
The partnership between Bitt and the ECCB produced the world’s first retail cross-border CBDC within a multinational currency union. Both entities continue to collaborate to ensure that DCash will be issued in all eight sovereign ECCU countries by the end of Q3 2021.
Central banks, governments, financial institutions and businesses around the world could learn many of the transferable lessons from the issuance of DCash in multiple countries. Bitt will soon publish a thought-leadership article that outlines the learnings from launching DCash in five countries.
About Wealth & Finance International
Wealth & Finance International is a quarterly publication dedicated to delivering high quality informative and up-to-the-minute global business content. It is published by AI Global Media Ltd, a publishing house that has reinvigorated corporate finance news and reporting.
Bitt is a global financial technology company that provides digital currency solutions to financial institutions, central banks and ecosystem participants worldwide. Bitt is at the forefront of financial innovation, with a specialization in central bank digital currencies (CBDC). The company’s Digital Currency Management System (DCMS) leverages blockchain-based distributed ledger technology to introduce the benefits of the most efficient financial ecosystem to date.
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