Eastern Caribbean Central Bank Seeks Retail ‘DCash 2.0’ Vendors for CBDC Expansion

    The Eastern Caribbean Central Bank (ECCB) is soliciting information from potential vendors as it explores the launch of DCash 2.0, a retail central bank digital currency (CBDC). The ECCB, the pioneer behind DCash since 2021, aims to integrate various components, seeking solutions from wallet providers, core banking systems, identity managers, and more. Get insights into this CBDC evolution and the ECCB’s quest for deployment-ready innovations.

    The Eastern Caribbean Central Bank (ECCB) is taking strides in the realm of central bank digital currencies (CBDCs) with the exploration of ‘DCash 2.0.’ In its request for vendor information (RFVI), the ECCB is actively seeking proposals from entities with ready-to-deploy retail CBDC solutions. The RFVI outlines integration possibilities, spanning wallet providers, core banking systems, identity managers, business intelligence, and offline payment providers.

    While DCash has been operational since 2021, the ECCB is positioning ‘DCash 2.0’ as an evolution, prompting collaboration with innovators in the CBDC space. Notably, the RFVI clarifies that the current DCash version operates as a pilot, acknowledging constraints that prevented integration with other systems, including Real-Time Gross Settlement (RTGS) and financial institution core banking systems.

    Bitt, a Barbados-based software developer, stands as the architect behind the current DCash version. Beyond the Eastern Caribbean, Bitt extends its reach to projects in Ukraine, Belize, and Nigeria. This development aligns with the broader trend of global central banks exploring and advancing CBDC initiatives.

    latest news

    Read More