A CBDC-linked prepaid card has been launched in The Bahamas by the Mastercard and digital payments platform Island Pay. The prepaid card will be loaded with the country 's central bank digital currency (CBDC)-the Sand Dollar. Cardholders can convert Sand Dollars to Bahamian dollars and pay for products by using the card. This partnership will also be part of the long-term strategy of Mastercard to allow payments of all types.