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Tag Archives: blockchain

  1. Bitt and Stellar Development Foundation Selected as Finalists for Global CBDC Challenge

    Global fintech company, Bitt, and the Stellar Development Foundation (SDF) have been announced as one of 15 finalists for the Monetary Authority of Singapore’s (MAS) Global CBDC Challenge to develop and showcase retail central bank digital currency (CBDC) solutions. Bitt and Stellar together aim to provide a complete solution that permits central banks to issue […]

    September 4, 2021TechnologyNo comments
  2. Young Innovators Call for Mindset Shift and Practical Action to Support Innovation in the Caribbean

    Be bold. Don’t fear failure. Think differently about education. These were some of the key messages coming from the panel of young global and regional innovators and entrepreneurs in the final seminar of the Caribbean Development Bank’s recently ended 51st Annual Meeting of its Board of Governors. In the discussion, panellists homed in on the […]

    July 25, 2021TechnologyNo comments
  3. Bitt globally awarded as Central Bank Digital Currency Partner

    For its work on the DCash pilot, global fintech company, Bitt, was awarded as the 2021 Central Bank Digital Currency Partner by the industry’s leading information resource – Central Banking Publications. The announcement came during the virtual Central Banking FinTech and RegTech Global Awards which celebrated the innovations and achievements of central banks and technology […]

    June 19, 2021TechnologyNo comments
  4. Digital Currency Fintech company Bitt names Laurent Féral-Pierssens as new COO

    Bitt is pleased to announce the transition of Laurent Féral-Pierssens to the post of Chief Operations Officer. Laurent officially joins the Bitt executive management team after six months of serving the company as Strategic Advisor. As digital currencies are gaining popularity internationally, Bitt is seeing accelerating interest in its Digital Currency Management Solution (DCMS), fueled […]

    February 19, 2021BusinessNo comments
  5. Medici Ventures Makes Additional $8 Million Equity Purchase in Bitt Inc.

    Medici Ventures, the wholly owned blockchain-focused subsidiary of Overstock.com, Inc. recently announced an $8 million equity purchase in Bitt, its Barbados-based keiretsu company. The additional equity will enable Bitt to pursue market opportunities that accelerate the adoption of digital currencies in developing countries. This transaction gives Medici Ventures a controlling interest in Bitt. Bitt was […]

    November 11, 2020Business, FeaturedNo comments
  6. Mastercard launches its Smart Islands program in the Caribbean

    Technology giant Mastercard just launched their Smart Islands program in the Caribbean, leading the journey towards developing smarter islands and cashless societies to strengthen economies throughout the region. “Innovation is in Mastercard’s DNA,” stated Jimena Elia, Director of Market Development for Mastercard Caribbean. “We are excited to reveal this multi-layered technology that can help expand […]

    January 29, 2020Business, FeaturedNo comments
  7. UPPER CHAMBER MEMBER AND LOCAL BLOCKCHAIN CEO HINTING UTILITIES CAN SOON BE PAID VIA mMoney’s APP

    The arena for Barbadian Apps with Smartphone Utility Paying capacity may soon have another contender… Most local banking apps and the City of Bridgetown Credit Union have facilities where users can clear their electricity, water and other monthly duties via the mobile rather than stand in line for 20 minutes or more waiting to clear […]

    September 11, 2019Business, FeaturedNo comments
  8. Blockchain workshop hosted by CPA Canada’s Barbados Chapter

    Accounting professionals from across the island gathered at a session hosted by Chartered Professional Accountants of Canada (CPA Canada) to learn about technology that is changing the financial world. The July 23 event focused on blockchain and its impact on the accounting profession and business in general. An Introduction to Blockchain and Reporting provided a […]

    July 31, 2019Business, FeaturedNo comments
  9. Bank of the Republic of Haiti ready to consider Digital Currency

    La Banque de la République d’Haiti (BRH) invited Barbados-based fintech company, Bitt, to deliver a presentation on the likely benefits of a blockchain-based Central Bank Digital Currency to key stakeholders in Haiti last month. According to BRH, they are “considering a pilot to create a digital version of the Haitian Gourde, which aims to improve […]

    July 2, 2019Business, FeaturedNo comments
  10. Bitt signs MOU with the E-Governance Academy of Estonia

    Bitt, the Barbados-based financial technology company, has signed an MOU (Memorandum of Understanding) with the e-Governance Academy (eGA) in Estonia on Tuesday, April 30, 2019. This MOU will facilitate closer collaboration between the parties, towards achieving greater accessibility and efficiency in the public’s everyday interaction with their Government, in countries across the Caribbean. Government processes […]

    May 7, 2019Featured, TechnologyNo comments
  11. CXC TO ISSUE E-CERTIFICATES ACROSS THE REGION

    After a successful trial period, the Caribbean Examinations Council (CXC) has announced that it will continue to provide students with e-certificates across the region. While CXC will still be offering the traditional paper-based certificate, students who have registered unique and valid email addresses will now have the option to acquire their official certification through Blockcerts […]

    March 7, 2019Breaking News, Education, FeaturedNo comments
  12. ECCB to Issue World’s First Blockchain-based Digital Currency

    The Eastern Caribbean Central Bank (ECCB) and the Barbados-based fintech company, Bitt Inc. (Bitt) have signed a contract to conduct a blockchain-issued Central Bank Digital Currency (CBDC) pilot within the Eastern Caribbean Currency Union (ECCU). This ECCB CBDC pilot is the first of its kind and will involve a securely minted and issued digital version […]

    March 7, 2019Breaking News, Featured, TechnologyNo comments
  13. How can mMoney support the tourism sector?

    Barbados could see a boost in tourism arrivals and overall tourism spend if officials leverage research information compiled from the mMoney platform. Board Chairman, Stephen Austin, and CEO, Senator Rudy Grant, both signed the MOU on behalf of the BHTA, while Rawdon Adams, CEO of Bitt, signed on behalf of the Barbados-based FinTech company on […]

    December 15, 2018Breaking News, Business, FeaturedNo comments
  14. Bitt, Central Bank and FSC on right track with Regulatory Sandbox Framework

    14th November 2019 may not seem like a historic day to most, but for those in the Digital Currency world, it was seen as a watershed moment, as the Managing Director of the International Monetary Fund stated at a Fintech forum in Singapore; “I believe we should consider the possibility to issue digital currency. There […]

    December 6, 2018Breaking News, Featured, TechnologyNo comments
  15. mMoney welcomed in Montserrat

    The use of mobile money to conduct payment transactions was welcomed by key stakeholders in Montserrat, who recently learnt more about the mMoney app, a mobile payment solution powered by Bitt. “During a two day trip to Montserrat, our Barbados-based mMoney team performed mMoney product demos and fielded questions from the general public at a […]

    November 22, 2018Breaking News, Business, FeaturedNo comments
  16. Barbadian entrepreneur launches a new blockchain advisory firm to support Distributed Ledger Tech companies

    Gabriel Abed, Barbadian FinTech entrepreneur and global blockchain evangelist, has announced the launch of a new Blockchain advisory firm, Novelty Curve Inc. “The company’s goal is to support, mentor, and nurture distributed ledger technology companies as they progress through their various business cycles. We are particularly keen to work on projects that are innovative, disruptive […]

    November 6, 2018Breaking News, Featured, TechnologyNo comments
  17. Barbadian Blockchain outfit Bitt and Curacao based IBIS sign MOU

    IBIS Management Associates Inc., a Curaçao based digital banking solutions and advisory service provider (IBIS), has entered into an agreement with the Barbados based FinTech company, Bitt Inc. “Our objective is to ensure that banks have access to blockchain protocol based mMoney wallets of Bitt Inc. and can execute transfers to and from the network […]

    October 15, 2018Business, FeaturedNo comments