Kimwood Mott of the Central Bank of the Bahamas - Launching the First Nationwide CBDC

Anirudh Singh sits down with Kimwood Mott, project manager at the Central Bank of the Bahamas. In this episode they discuss: - Kimwood's transition to the central bank - The primary goals of the project including: 1. Increasing the efficiency of the Bahamian payments systems through more secure transactions and faster settlement speed. 2. Providing non-discriminatory access to payment systems without regard for age, immigration or residency status. 3. Achieving greater financial inclusion, cost-effectiveness, and access to financial services across all of The Bahamas. 4. Strengthening national defence against money laundering, counterfeiting, and other illicit ends by reducing the ill effects of cash usage. - The impact that Hurrican Dorian and Covid-19 had on the project's rollout And more! Kimwood Mott: Kimwood Mott has spent over 20 years in the banking and finance industries in both the retail and private banking sectors. He has an extensive background and experience in banking, information technology, and project management. As the project manager for digital currency implementation, Kimwood is tasked with improving the domestic digital payments space and driving the national adoption of the Sand Dollar digital currency. In addition to a wealth of knowledge and skills, Kimwood brings a unique perspective to the Sand Dollar project. As a small business owner, he recognizes the difficulties of our financial landscape and sees the potential and benefits of the Sand Dollar digital currency. For more FinTech insights, follow us below: Medium: medium.com/wharton-fintech LinkedIn: www.linkedin.com/company/wharton-fintech-club/ WFT Twitter: twitter.com/whartonfintech Anirudh's Twitter: twitter.com/avsingh_24