Barbados

Overstock Invests In Bitt, Creator of Barbadian Digital Dollar

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Overstock revealed Friday it invested $4 million into a blockchain-forward financial technology firm in the Caribbean. The announcement, made in Barbados and attended by principals from the island’s company Bitt and Overstock, enters in a big move by Overstock into the space. It’s involvement had largely been focused on innovation through its t0 project.  “A […]

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Bitt Launches the Blockchain Barbadian Digital Dollar

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Barbados-based fintech firm Bitt Inc. has launched the Barbadian Digital Dollar, the Caribbean’s first blockchain-based digital money this week as a means to bring solutions to the unbanked in the region. In a marked effort to provide financial and banking solutions to its home country, Barbadian fintech company Bitt launched the Barbadian Digital Dollar earlier […]

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Economists Suggest Central Bank of Barbados to Hold Bitcoin Reserve

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  A new working paper titled “Should Cryptocurrencies Be Included in the Portfolio of International Reserves Held by the Central Bank of Barbados” suggests the Barbadian Central Bank to hold a small portion of Bitcoin as a part of its foreign currency reserves. The paper is authored by two economists – Winston Moore and Jeremy Stephen who previous worked at the Central Bank of Barbados and currently lecture at the University of West Indies. The complete working paper can be read or downloaded here. [PDF] The paper notes that Barbados maintains a peg against the US dollar, making it necessary […]

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Bitt Begins Caribbean Bitcoin Expansion in Trinidad & Tobago

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The United States is just now getting its first Bitcoin exchanges via Bitcoin merchant leader Coinbase. The Winklevoss twins’ will have their “fully-compliant” Gemini project up in New York later this year. Due to onerous state and federal regulations and costs for any financial services enterprise, the U.S. has been several steps behind the rest […]

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