DCash and the Transformation of the ECCU Economy
Sharmyn Powell Chief Risk Officer Chairperson – ECCB Fintech Working Group
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.
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
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
Faster Safer Cheaper
Contactless payment method Improved financial management Financial inclusion
Eastern Caribbean Central Bank P O Box 89, Basseterre, St Kitts ' : (869) 465-2537 6 : (869) 465-9562
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