NBB Pay, the stablecoin and digital payment infrastructure developed by global fintech company, Bitt, has been publicly launched by the government-owned National Bank of Belize (NBB) in that Central American country.
NBB Pay users can now download and sign up to use the Bitt-developed digital wallet and stablecoins to make financial customer-to-customer, customer-to-business and business-to-business transactions, pay bills and offer secure e-commerce transactions for merchants and customers.
CEO of Bitt, Brian Popelka said, “As global leaders in the national digital currency industry, the Bitt team is very pleased to witness another public launch of one of our fintech solutions; this time for the benefit of the people of Belize. NBB Pay was proudly built by Bitt to be fully interoperable with current and future financial ecosystems including digital currencies, stablecoins, digital currencies and blockchains used by other licensed financial institutions and e-government.”
Through its modular Digital Currency Management System (DCMS), Bitt offers complete fintech solutions for financial institutions, monetary authorities, and governments to integrate their existing core banking and back-office software, accounting systems, other payments applications and wallets with digital monetary instruments, namely stablecoins and CBDCs. NBB selected the solutions which would best equip the institution and its customers for the future of digital financial transactions.
NBB Pay is Bitt’s first deployment of its DCMS in Central America. Two central banks and over 50 financial institutions across eight other countries currently employ Bitt’s DCMS. The digital currency leader’s innovative technology will be deployed in five additional countries within the next six months.