Bitt Globally Awarded as Central Bank Digital Currency Partner
16 June 2021, Bridgetown, Barbados – For its work on
the DCash pilot, global fintech company, Bitt, was awarded as the 2021
Central Bank Digital Currency Partner by the industry’s leading
information resource – Central Banking Publications.
The announcement came during the virtual Central Banking FinTech and
RegTech Global Awards which celebrated the innovations and achievements
of central banks and technology partners around the world, in the areas
of financial and regulatory technology.
Rachael King, Chair of the Central Banking Awards Committee and
Associate Editor of Central Banking, stated that, “[Bitt] provided a
central bank with a complete end-to-end CBDC solution, from technology
development through to marketing and training for consumers and
Chief Executive Officer, Brain Popelka, proudly commented, “It’s
immensely gratifying to be recognised by the thought-leaders of your
industry, especially when it’s for your work in charting a new course.
The pandemic was certainly a challenging time, but we’re proud that our
team was able to persevere and launch the world’s first CBDC in a
Bitt is the technology partner for the Eastern Caribbean Central
Bank’s (ECCB) DCash pilot, which was publicly launched on 31 March 2021.
This pilot provides a live cross-border case study of Bitt’s Digital
Currency Management System (DCMS) within every level of the financial
ecosystem within a currency union including the central bank, financial
institutions, government agencies, businesses, organisations and
Popelka acknowledged everyone involved in the ongoing CBDC pilot,
“Thank you to the Governor and staff of the ECCB for engaging and
trusting Bitt as a proud partner on this historic journey. On behalf of
our board, investors and the entire team at Bitt, thank you – Central
Banking – for awarding Bitt as the 2021 Central Bank Digital Currency
Commenting on the award, Simon Chantry, Co-Founder of Bitt, stated: “Thank you to Central Banking for recognising our achievements with the Eastern Caribbean Central Bank and the Organisation of Eastern Caribbean States (OECS). We look forward to a lot more to come.”
About Central Banking
Since its foundation in 1990, Central Banking journal has been the only regular, independent publication for and about central banks. It is supported by an Advisory Board that includes the former governors of many of the world’s leading central banks, as well as Nobel Prize-winning economists.
Bitt is a global financial technology company that provides digital currency solutions to financial institutions, central banks and ecosystem participants worldwide. Bitt is at the forefront of financial innovation, with a specialization in central bank digital currencies (CBDC). The company’s Digital Currency Management System (DCMS) leverages blockchain-based distributed ledger technology to introduce the benefits of the most efficient financial ecosystem to date.
For more information about Bitt, please visit www.bitt.com and follow us on LinkedIn at https://www.linkedin.com/compa...
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