PowerPoint Presentation

DCash and the Transformation of the ECCU Economy

Sharmyn Powell Chief Risk Officer Chairperson – ECCB Fintech Working Group

Roadmap

 What is DCash?  Why DCash?

 The main features of DCash  How can DCash be used?  What are the benefits of DCash?

What is DCash?

A BlockChain based ECCB issued digital currency.

Why DCash?

Cost, Speed, Security, Safety Cross-border transactions within the ECCU Reduce Use of Cash

Payment System Efficiency

Inclusion by Digital enablement

Enhance affordability and sustained access to financial services New types of financial services

Promoting Innovation and Competitiveness

Digital market place Enhance regional coordination – economic activities, regulation Data Analytics - Real-time market and business intelligence

Features Highlights

EC digital cash transmitted via smart devices on a secure payment platform

Peer to Peer (P2P) architecture facilitating frictionless money transfer within the ECCU

Recoverability of access to funds in the event of loss of password or phone

Privacy of Transactions

Near instantaneous settlement

Real-time transaction history

How can DCash be Used?

 P2P – Person to Person  P2B – Person to Business  B2B – Business to Business

DCash Benefits

 Faster  Safer  Cheaper

 Contactless payment method  Improved financial management  Financial inclusion

Thank You!

 Eastern Caribbean Central Bank P O Box 89, Basseterre, St Kitts ' : (869) 465-2537 6 : (869) 465-9562

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