Communication technology infrastructure and services that inhibit the ability of the Caribbean to make adjustments to the manner in which business and educational pursuits are undertaken in the current COVID-19 environment continues to be a much-discussed issue across the region.
Most recently, Stephen Phillips, a Barbadian official with Bitt Inc. – a Barbados-based financial technology company whose core focus is providing access to cryptocurrencies in emerging markets – utilised a public forum in the CARICOM member country to make the point that there is no infrastructure in place in the Caribbean that permits businesses to go on line in a simple, cost-effective and accessible manner.
Phillips, Vice President of Special Projects with Bitt Inc. which utilises blockchain to secure peer-to-peer transactions with seamless mobile money across a suite of the company’s software and mobile applications, said that the weakness became quite evident when the economic effects of COVID-19 began to be felt across the region a few months ago.
