Bermuda to Shift Financial Services to Stellar Blockchain
The post Bermuda to Shift Financial Services to Stellar Blockchain appeared on BitcoinEthereumNews.com. Lawrence Jengar May 12, 2026 22:59 Bermuda plans to use the Stellar blockchain for financial services, aiming to lower transaction fees and become the first fully on-chain economy. The government of Bermuda is taking a significant step toward becoming the world’s first fully on-chain national economy. Speaking at the Bermuda Digital Finance Forum on May 12, Premier David Burt announced that the country will begin transitioning key payment and financial services activities to the Stellar blockchain network. This move builds on a January announcement at the World Economic Forum in Davos and highlights Bermuda’s ambition to lead in digital finance. Premier Burt emphasized the practical benefits of adopting blockchain technology, citing high transaction fees as a major hurdle for the island nation. “The lack of mobile money applications and reliance on legacy payments i