Accept and bill Carib$
Revolutionising Trade and Cross-Border Payments in the Caribbean
Introducing Carib$, the complementary currency for the Caribbean.
MVP Goals
750K
C$ Payments in 2024
2
Participating Countries
100%
Cash backed
Access New Markets & Create New Growth
Carib$ is a complementary currency, operating alongside Caribbean national currencies to bridge the region’s economies and create new markets for your business, making Carib$ a fast track towards CSME.
Simple
Easy to use digital money with a stable value
Secure
Complementary currency securely backed by stable collateral
Fair
Governed by consent of public and private stakeholders
Convertible
Stable
Connected
Integrated with CariBizNet — an opportunity to build connections
How We Are Creating Our Application
We are building our application with you.
Presentation of Carib$ to the public in the 19th CTU Ministerial Seminar
Workshops with merchants and payment service providers, setting the stage to turn Carib$ into an economic success story
Carib$ is live on Testnet
Carib$ is live on Mainnet
Business and legal formalities for Proof of Concept
Transaction volume 25,000 CARIB$
Payments
Caribbean-Wide Payments at Your Fingertips
Making payments across the Caribbean has never been easier. Use the Carib$ Wallet Application for all your payment needs.
Send and receive Carib$ at the tap of a button with the easy-to-use wallet application, accessible 24/7 on your computer or mobile device.
Rest assured that your Carib$ will maintain a stable value against familiar reference assets, like the Barbados and Jamaica Dollar. Stability is created by backing Carib$ with Caribbean currencies, bolstered by active and responsible governance.
Grow your business network in CariBizNet, a dynamic marketplace of Carib$ users—the tool for trade development.
Governance
By the Caribbean
Responsible and transparent governance is at the heart of Carib$ — ensuring a secure, stable, and growth-minded solution. Carib$ leverages the experience and expertise of public and private-sector stakeholders for its governance.
Carib$ will initially have a collateral ratio of 100% to ensure the security and stability of the currency. Traditional currencies employ a range of collateral ratios, ranging from 0% (USD) to nearly 100% (BBD). The adjustment of the collateral ratio is possible in the future through users’ trust in the integrity of Carib$.
Carib$ will be backed initially by only Barbados and Jamaica Dollars (BBD, JMD). A dynamic mix of Caribbean commodities, securities, bonds and other assets may be introduced in the future—collateral that promotes stability and regional development.
What’s New?
Stay Updated
People are talking about Carib$ — stay in the loop.
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Have questions about Carib$? We would love to hear from you.