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Podcast: Wharton FinTech Podcast
Episode: Kimwood Mott of the Central Bank of the Bahamas - Launching the First Nationwide CBDC
Description: 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.
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