Breaking: Bermuda is stepping into uncharted territory by planning to establish itself as the world's first fully onchain national economy. This ambitious initiative draws backing from major players in the digital finance space, signaling serious institutional commitment.
The roadmap spans multiple dimensions. First, pilots are underway to test stablecoin-based payment infrastructure—essentially reimagining how everyday transactions could flow directly on blockchain networks. Second, there's active integration work happening with traditional financial institutions, bridging the gap between legacy banking and decentralized systems. Third, the government envisions a nationwide digital finance framework that doesn't just coexist alongside blockchain, but makes it the backbone of economic operations.
This moves beyond rhetoric. Bermuda is exploring how central bank digital currencies and blockchain-based settlement could reshape national financial operations at scale. Whether this becomes a blueprint or remains experimental will be closely watched.
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CexIsBad
· 11h ago
Bermuda really dares to play this game. A fully on-chain national economy? Let's first see if stablecoin payments can really take off.
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QuietlyStaking
· 11h ago
NGL Bermuda is really going big, with stablecoin payment infrastructure directly on the chain... If this gets implemented successfully, wouldn't it open up a new avenue?
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WhaleMinion
· 11h ago
Is Bermuda really going to go this far? It feels like they're conducting an experiment with the whole world.
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ContractSurrender
· 11h ago
Nah Bermuda really wants to establish a full-chain economy? Just listen and don't take it seriously
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TokenDustCollector
· 11h ago
Is Bermuda really going all-in on on-chain economy? If that happens, it would be crazy...
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BrokenRugs
· 12h ago
Wow, Bermuda is really going all in on on-chain economy? Hope it's not just hype.
Breaking: Bermuda is stepping into uncharted territory by planning to establish itself as the world's first fully onchain national economy. This ambitious initiative draws backing from major players in the digital finance space, signaling serious institutional commitment.
The roadmap spans multiple dimensions. First, pilots are underway to test stablecoin-based payment infrastructure—essentially reimagining how everyday transactions could flow directly on blockchain networks. Second, there's active integration work happening with traditional financial institutions, bridging the gap between legacy banking and decentralized systems. Third, the government envisions a nationwide digital finance framework that doesn't just coexist alongside blockchain, but makes it the backbone of economic operations.
This moves beyond rhetoric. Bermuda is exploring how central bank digital currencies and blockchain-based settlement could reshape national financial operations at scale. Whether this becomes a blueprint or remains experimental will be closely watched.