Digital Currency Management System Governments

Governments

The Digital Currency E-Government Suite is a component of Bitt's Digital Currency Management System (DCMS). The DCMS is a production-ready digital currency software solution that enables government departments to integrate with existing digital currency systems, including CBDCs and stablecoins.

The Digital Currency E-Government Suite has extensive stock features that are applicable to governments seeking to manage and transact in digital currencies.

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To build an ecosystem for all stakeholders, you will need the below features:

Technical

The DCMS is engineered with modern software techniques to provide a secure, scalable, performant and highly available system. Security is designed-in, to use secure defaults, minimize attack surfaces and provide defense-in-depth. Independent modules allow each component to scale independently of others, allowing automatic adjustment to meet variable demands. Built-in redundancy, load balancing and health checks allow the system to automatically restore failed components, providing a highly available system. Careful attention to information management and storage protect consumer privacy while allowing regulatory bodies access to needed transaction data.

Functional

Governments can begin accepting digital currencies for services, taxes, and other revenue streams both online and in person, and can execute payments for payroll, benefits payments, tax refunds, and more by using the Digital Currency E-Government Suite.

Features

  • E-Government Digital Currency Manager (Back office)

    Utilize digital currencies with back office operations including currency management, reporting, transactions, AML Compliance, and more.

  • POS App + E-Commerce Plugin (Front office)

    Utilize digital currencies for incoming and outgoing payment streams, set custom governance settings for defined translation types, automate tax payments, and more.

Integrations

The DCMS can integrate with existing financial infrastructure, including RTGS and ACH networks, core banking systems as well as existing payment processing platforms including bill payment, airtime and topup, remittance, and more.