With China’s digital RMB cross-border settlement system now fully connected to the ten ASEAN countries and six Middle Eastern nations, questions must be asked about the continued utility of the SWIFT system used by financial institutions worldwide, and we in the Caribbean region could learn from this recent development.
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Following up on a 2022 conversation we had about digital currencies in the Caribbean region, Dr. Jan Schröder of CaribCoin, and Rodney Taylor of the Caribbean Telecommunications Union are back to provide an update on CaribCoin, a regional stablecoin backed by Caribbean assets that will provide a faster and more cost-effective alternative for regional cross-border payments that can also foster Caribbean prosperity. Areas touched on during this conversation include: the value proposition of CaribCoin and the role it could play in strengthening the resilience of the region; success and risk factors associated with the integration of CaribCoin; the safety measures that have been put in place to foster trust in CaribCoin; and what is next for CaribCoin.
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A roundup of the latest ICT/technology news from across the Caribbean region for the period Monday 24 March to Sunday 30 March 2025.
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Similar to other parts of the world, artificial intelligence (AI) has taken the Caribbean region by storm, though some organisations may still be hesitant about it or may not know how to prudently integrate it into their operations. Notwithstanding, AI is here to stay and its impact on the Caribbean business landscape will become increasingly evident.
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Digital sovereignty has been a hot topic over the past several weeks, with data sovereignty and AI sovereignty being the subjects of such conversations. However, how does digital agency fit into the mix? With IT Specialist, Researcher and Digital Analyst, Matthew Cowen, we discuss digital sovereignty and digital agency, including: Could digital sovereignty lead to increased fragmentation of the internet? How can we balance the need for individual digital agency with the need for online safety and security? How do the goals of digital sovereignty and digital agency intersect or conflict? Can a country achieve digital sovereignty without respecting the digital agency of its citizens?
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