The ECCB is actively seeking to resolve the issue of moving money amongst & between OECS member states, and DCash is proving to be the solution, says ECCB Governor Timothy NJ Antoine

The issue of moving money amongst and between OECS member states is one that the ECCB is actively seeking to resolve, and DCash is proving to be the solution. DCash is a digital version of the Eastern Caribbean (EC) currency. The Eastern Caribbean Central Bank (ECCB) is using the latest technology to provide a new payment option to advance financial services within its member countries.
 
DCash is not a cryptocurrency.  Unlike Bitcoin, DCash cannot be mined. DCash is legal tender, issued and created by the ECCB, and backed by the region’s foreign reserves, with the same parity as its physical EC currency equivalent.
 
As part of the “cash-in / cash-out” service, you can convert your DCash back to cash at participating merchants and/or approved service providers, or credit it to your account at participating financial institutions. Governor of the ECCB Timothy NJ Antoine touted the progress made thus far, with discussions surrounding interoperability.

​Governor of the ECCB, Timothy N.J Antoine.