{"id":9757,"date":"2021-10-06T11:01:57","date_gmt":"2021-10-06T10:01:57","guid":{"rendered":"https:\/\/www.intelligentcio.com\/north-america\/?p=9757"},"modified":"2021-10-13T10:32:10","modified_gmt":"2021-10-13T09:32:10","slug":"sand-dollar-becomes-worlds-first-cbdc-to-be-used-for-national-payroll","status":"publish","type":"post","link":"https:\/\/www.intelligentcio.com\/north-america\/2021\/10\/06\/sand-dollar-becomes-worlds-first-cbdc-to-be-used-for-national-payroll\/","title":{"rendered":"Sand Dollar becomes world\u2019s first CBDC to be used for national payroll"},"content":{"rendered":"\n<p>Island Pay, one of the world\u2019s leading digital currency technology companies, and Bahama Eats, the country\u2019s largest on-demand food delivery service, have announced a partnership that will see The Bahamas Sand Dollar become the world\u2019s first central bank backed digital currency (CBDC) to be used for payroll.<strong><\/strong><\/p>\n\n\n\n<p>All Bahamas Eats employees will be paid in the Sand Dollar, the world\u2019s first CBDC, through the Island Pay digital wallet.<\/p>\n\n\n\n<p>\u201cAt Island Pay, we are proud to work with an innovative partner like Bahama Eats on what we believe is a major step in the global advancement of CBDCs,\u201d said Richard Douglas, Co-founder at Island Pay. \u201cIsland Pay is all about democratizing access to money. Evolving our technology to be used for payroll payments represents the next stage in the evolution of the digital wallet and CBDCs.\u201d<\/p>\n\n\n\n<p>With the onset of the Digital Transformation many more Bahamian consumers and businesses are looking for ways to make use of digital wallets. Payroll solutions such as this are secure, convenient and save businesses money in traditional bank fees and countless hours in back-end administration.<\/p>\n\n\n\n<p>\u201cAs Bahama Eats gets ready to expand into the region, the Bahamas experience will go a long way in helping us develop this and other models for our business partners in the Caribbean and around the world,\u201d added Douglas.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Island Pay, one of the world\u2019s leading digital currency technology companies, and Bahama Eats, the country\u2019s largest on-demand food delivery service, have announced a partnership that will see The Bahamas Sand Dollar become the world\u2019s first central bank backed digital currency (CBDC) to be used for payroll. All Bahamas Eats employees will be paid in [&hellip;]<\/p>\n","protected":false},"author":18,"featured_media":9758,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[5,511,514],"tags":[2450,2447,1099,2448,2449,1677],"class_list":["post-9757","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking-finance","category-intelligent-technology-newsletter","category-used","tag-bahama-eats","tag-bahamas-sand-dollar","tag-bank","tag-cbdc","tag-digital-currency","tag-island-pay"],"acf":[],"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"_links":{"self":[{"href":"https:\/\/www.intelligentcio.com\/north-america\/wp-json\/wp\/v2\/posts\/9757","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.intelligentcio.com\/north-america\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.intelligentcio.com\/north-america\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/north-america\/wp-json\/wp\/v2\/users\/18"}],"replies":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/north-america\/wp-json\/wp\/v2\/comments?post=9757"}],"version-history":[{"count":4,"href":"https:\/\/www.intelligentcio.com\/north-america\/wp-json\/wp\/v2\/posts\/9757\/revisions"}],"predecessor-version":[{"id":9888,"href":"https:\/\/www.intelligentcio.com\/north-america\/wp-json\/wp\/v2\/posts\/9757\/revisions\/9888"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/north-america\/wp-json\/wp\/v2\/media\/9758"}],"wp:attachment":[{"href":"https:\/\/www.intelligentcio.com\/north-america\/wp-json\/wp\/v2\/media?parent=9757"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.intelligentcio.com\/north-america\/wp-json\/wp\/v2\/categories?post=9757"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.intelligentcio.com\/north-america\/wp-json\/wp\/v2\/tags?post=9757"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}