By Andy Snyder The evolution of money is here… and it’s moving rapidly.
In a dire sign of the times, the Central Bank of the Bahamas put out a historic tweet this week.
The world’s first-ever digital currency is now live.
Luddites be damned.
This shows just how quickly things have evolved.
The new form of money has been dubbed the “Sand Dollar.” It’s pegged 1-to-1 to the American greenback.
Cellphone companies love it. You can’t use the money without a smartphone and the monthly contract that comes with it.
Bahamian officials say the new digital money will help the unbanked. But we scratch our heads and wonder whether the …read more
