The Eastern Caribbean Central Bank (ECCB) published an update on its DCash Public Survey, confirming it closed on 31 December 2024 and attracted more than 6,000 responses to inform the design of DCash 2.0. The ECCB set out that DCash 2.0 is intended to operate as a secure and stable retail payments platform across the Eastern Caribbean Currency Union, integrating with financial institutions’ core banking systems and supporting payment flows including person-to-person, person-to-business, business-to-business, government-to-person and person-to-government transactions using the digital version of the Eastern Caribbean dollar. The notice also reiterated that DCash is the ECCB-issued digital EC dollar, launched as a pilot on 12 March 2021 across participating ECCU jurisdictions. Planning for the implementation of DCash 2.0 is continuing, with further updates to follow.
Eastern Caribbean Central Bank 2025-02-20
Eastern Caribbean Central Bank closes DCash 2.0 public survey with over 6,000 responses and outlines intended platform features
The Eastern Caribbean Central Bank (ECCB) closed its DCash Public Survey, which received over 6,000 responses to aid in designing DCash 2.0. This aims to be a secure retail payments platform across the Eastern Caribbean Currency Union, integrating with financial institutions and supporting various transaction types using the digital Eastern Caribbean dollar. Planning for its implementation is ongoing, with further updates anticipated.