Bahamas poised to launch world's first central bank digital currency

It will be called the Sand Dollar (love the name) and will be released next month beating out China, who has also planned to release a CBDC, but won’t until maybe 2022 for the Olympic Games being held in Beijing.

I thought they were going to launch this in October.

Yes, right. I had read somewhere that they are launching it in October. Looks like now is the time!

I don’t really believe in the effectiveness of CB digital currencies

Even India is preparing to start CBDC trials. A lot of major jurisdictions in the world have such plans, China is almost there, the EU is certainly considering it. It will become a reality sooner or later. If they were not effective, I definitely have reservations of my own too, but I doubt all these major economies would be considering them.