The Bahamas Leads Caribbean Fintech Innovation with Sand Dollar Expansion
The Bahamas is at the forefront of fintech innovation in the Caribbean, with significant developments in digital currency and financial services. The country was the first to launch a retail central bank digital currency, the Sand Dollar, which has expanded its use cases to include financial inclusion, government payments, and retail transactions. Efforts to develop a digital payments ecosystem are underway, aiming to reduce reliance on cash and extend financial services to underserved communities across the archipelago. 
