About the Project
The Eastern Caribbean Central Bank (ECCB) launched its historic DXCDCaribe pilot, on 12 March 2019. ‘D’, representing digital, is prefixed to ‘XCD’ - the international currency code for the EC dollar.
The pilot involves a securely minted and issued digital version of the EC dollar - DCash. The objective of this pilot is to assess the potential efficiency and welfare gains that could be achieved: deeper financial inclusion, economic growth, resilience and competitiveness in the ECCU - from the introduction of a digital sovereign currency.
DCash will be issued by the ECCB, and distributed by licensed bank and non-bank financial institutions in the Eastern Caribbean Currency Union (ECCU). It will be used for financial transactions between consumers and merchants, people-to-people (P2P) transactions, all using smart devices.
- deeper financial inclusion
- economic growth
Why is the ECCB launching the pilot?
The objectives of the pilot include increasing opportunities for financial inclusion, growth, competitiveness, and resilience for citizens of the ECCU.
The pilot is being launched to address the following recurring issues:
- The relative high cost of current payment methods and banking services
- Inadequacy of banking services in addressing the needs of various customers
- Inefficient methods of settling cheque transactions, which slow the pace of commerce
To Sign Up with GECCU Ltd.
Request a code from GECCU
- In-person request at GECCU’s Kingstown Office
- Through GECCU’s Home Banking and Mobile App platform
- Written request via email
(Please do not share this code)
Open the app and click ‘Sign up with a code’.
Follow the prompts to enter the requested information, including your GECCU account number. Review the information, and agree to the terms and conditions.
Our team will review your application within 1-2 business days
Please check your Dcash wallet after this period as it will automatically become active, once approved.
Transfer of Funds
Please note members can request to transfer funds to their DCash Wallet or request to redeem funds from their DCash Wallet:
- In-person request at GECCU’s Kingstown Office
- Through the mobile and home banking platforms.
- Written request via email.
For Further Information, Kindly Contact:
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ECBC FAQ ECCB Frequently Asked Questions (FAQs)
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Tel
Download the DCash App Today
Note: DCash Wallet may not be compatible with some devices.