Barbados moving towards E-Commerce, Financial Services Commission to Mediate
Barbados will soon forge a single digital payment framework incorporating the Central Bank of Barbados, commercial banks and Bitt the local yet global blockchain developer and currency digitiser, it is to be guided by both the Financial Services Commission and Prime Minister Mia Amor Mottley.
Ms Mottley indicated Government would be soon meeting with commercial banks to discuss the impasse between that sector and Bitt’s digital payment network mMoney.
She said it’s part of Government’s drive to transform Barbados, allowing this island to punch above its weight yet again –
Her address came following remarks by Bitt CEO Senator Rawdon Adams who told the gathering of the current impasse passed between at least two commercial banks and Bitt’s initiative.
The Upper Chamber member who is the son of a former Prime Minister himself, outlined the level and pace of growth the app is showing; –
One of Bitt’s co-founders, Gabriel Abed, says there are no plans to pause and proverbially rest on his own laurels.
mMoney and Bitt are available for free in both Apple and Android platforms. Senator Adams told the audience how the first 250 downloads of this app will find five dollars already loaded into the account as a bonus for first time users…