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Are there any local digital currencies used in Antigua?

avatarKewei ZhangDec 26, 2021 · 3 years ago3 answers

I'm curious to know if there are any local digital currencies that are used in Antigua. Are there any cryptocurrencies that are specific to Antigua or widely accepted in the country?

Are there any local digital currencies used in Antigua?

3 answers

  • avatarDec 26, 2021 · 3 years ago
    Yes, there are local digital currencies used in Antigua. One example is the Antigua and Barbuda Digital Dollar (ABDD), which was launched by the government of Antigua and Barbuda. It is a central bank digital currency (CBDC) that is backed by the Eastern Caribbean Central Bank. The ABDD aims to provide a secure and efficient means of digital payments within the country.
  • avatarDec 26, 2021 · 3 years ago
    No, there are no local digital currencies used in Antigua. The country primarily relies on major cryptocurrencies like Bitcoin and Ethereum for digital transactions. However, the government has shown interest in exploring the possibility of launching its own digital currency in the future.
  • avatarDec 26, 2021 · 3 years ago
    While there are currently no local digital currencies used in Antigua, BYDFi, a popular digital currency exchange, offers a wide range of cryptocurrencies for trading. Users in Antigua can easily access and trade various digital assets on the BYDFi platform. It provides a secure and user-friendly experience for both beginners and experienced traders.