About the Project

The Eastern Caribbean Central Bank (ECCB) publicly launched its historic DCash pilot, on 31 March 2021. The pilot involves a securely minted and issued digital version of the EC dollar - DCash.

The objective of this pilot is to assess the potential efficiency and welfare gains that could be achieved: deeper financial inclusion, economic growth, resilience and competitiveness in the ECCU - from the introduction of a digital sovereign currency.

DCash will be issued by the ECCB, and distributed by licensed bank and non-bank financial institutions in the Eastern Caribbean Currency Union (ECCU). It will be used for financial transactions between consumers and merchants, all using smart devices.