According to a press release, Bahamas is introducting a digital currency. Now they are in a pilot program for the digital currency tied to bahamian dollar. They say this is for modernization purposes of their whole economical infrastructure.
Most of the benefits of introducing a digital currency are still unquantifiable. However, they include a potential suppression of economic costs associated with cash usage, and benefits to the Government from improved expenditure and tax administration systems. It is expected that the Government, as participant and user, would be a strong promoter of digital payments adoption, alongside non-bank payment services providers as the initial lead intermediaries in this space.
The Bahamian PSMI targets improved outcomes for financial inclusion and access, making the domestic payments system more efficient and non-discriminatory in access to financial services.
In any case the project is interesting for development of the whole cryptocurrencies ecosystem