Bitt has launched a blockchain-based chronicle of a Barbadian dollar, a new product that it believes will assistance a use interest to underbanked users in a home country.
The proclamation follows dual days of internal engagement, including a private launch on Monday hold during internal grill Buzo Osteria Italiana, and an general launch during a journey on Tuesday that took place in and with a Financial Cryptography and Data Security 2016 conference in Barbados.
So far, a engagements have warranted Bitt coverage from a Caribbean Broadcast Corporation (CBC), as it seeks to improved prominence a idea of formulating a financial allotment network for a 15 nations in the CARICOM region.
Bitt CEO Gabriel Abed pronounced that a grave phenomenon moves a startup toward “phase three” of a launch plan, revelation CoinDesk:
“Our idea as an classification is to build an ecosystem. We launched a sell 9 months ago. Now, we’ve launched a second phase, a digital fiat dollar. Whatever we wish to call it, it’s a dollar in Barbados digitized as an IOU that can be sent and received.”
Abed pronounced Bitt now intends to concentration on building a teller and ATM network to allow