ECCB 2023-2024 Annual Report

EASTERN CARIBBEAN CENTRAL BANK ANNUAL REPORT 2023 - 2024

The Pilot closed with a total of 21 financial institutions - 10 credit unions and 11 commercial banks - voluntarily participating. Notwithstanding strong financial institution participation, motivating user adoption required continuous strategic thinking. The challenges posed by user adoption have emphasised the importance of user-centric design in planning for the future commercial deployment of the DCash system. L ooking A head - DC ash 2.0 Building upon the lessons of the DCash Pilot, the

ECCB has commenced requirements gathering for DCash 2.0 with the issuance in December 2023 of a Request for Vendor Information. The RFI has generated responses from a high number of technology developers including CBDC-technology industry leaders. The ECCB will continue requirements gathering for DCash 2.0 with stakeholder engagements to include fintech developers, ECCU governments and financial institutions, ahead of issuance of a Request for Proposal in 2024.

We’re excited to announce the upcoming transition to DCash 2.0 This version is expected to be a more advanced and user-friendly iteration, enhancing utility for customers, developers, businesses, and financial institutions. DCash 2.0 is anticipated to be launched in the next 18 to 24 months. 2.0

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