Bermuda is transitioning its payment services to the Stellar blockchain network, the government confirmed this week. The move shifts existing payment systems onto Stellar’s decentralized ledger, though officials have not released a timeline or list of affected services.
What the transition covers
The transition applies to payment services run by the Bermuda government. Stellar is the chosen blockchain for the upgrade, replacing whatever infrastructure was previously in place. No further details about the scope or technical implementation have been made public.
Next steps
With the announcement made, Bermuda now moves into the execution phase. The government has not set a deadline for completion or named any contractors involved in the migration.
