​State cryptocurrency DCash began to support two more territor | Cryptocurrency Bitcoin NEWS

​State cryptocurrency DCash began to support two more territories of the Caribbean

ECCB, based in Saint Kitts and Nevis, launched its state-owned cryptocurrency in April this year. The country is part of a monetary union with seven other nations, but only four initially announced support for DCash.

Now residents of the Commonwealth of Dominica and the territory of Montserrat will be able to use digital currency to pay for goods and services, as well as exchange it using a special mobile application. Essentially, the digital currency DCash is a government stablecoin pegged to the Caribbean dollar.

As ECCB Governor Timothy N.J. Antoine noted, traditional payment systems are too slow. At the same time, he said, the digital dollar of the monetary union should "work for everyone except criminals."

“All these initiatives are aimed at accelerating economic growth, and, ultimately, at our socio-economic reforms. We must create conditions for the common prosperity of the people of our monetary union, ”Antoine emphasized.