The Central Bank of the Bahamas has announced the country’s “Sand Dollar” — a state-backed virtual currency — is now available nationwide.
According to an Oct. 20 Facebook (NASDAQ:FB) post from Project Sand Dollar, the central bank digital currency (CBDC) became available to all 393,000 residents of The Bahamas from roughly 10:00 PM UTC. This makes The Bahamas the first country in the world to officially roll out a CBDC.
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![The Bahamas launches world’s first CBDC, the ‘Sand Dollar’](https://d1-invdn-com.akamaized.net/content/piced4799aad1fcd7f5a37fee98c0360845.jpg)