Chief Executive Officer and Co-Founder of Bitt Inc. Gabriel
Abed, has copped the 2016 Caribbean American Heritage (CARAH)
The award was presented at the 23rd Annual CARAH Gala, as hosted
on Capital Hill, Washington DC by the Institute of Caribbean
In bestowing the award, the Institute made reference to
Abed's ground breaking achievements in the finance industry and
specifically his thought leadership in addressing FinTech for the
Abed co-founded Bitt Inc. in 2013, with the aim of persuading
Caribbean nations to adopt digital currencies, starting with the
digitisation of the Barbadian dollar. Bitt has since received
significant financial investment from United States retail giant,
The Institute says Abed's belief in the viability of
crypto-currencies for Barbados and the Caribbean, which has led to
investment from a major United States corporation, has transformed
the 'idea-scape' for many young Caribbean entrepreneurs, as
it demonstrates that the eco-system for high-value technology
companies exists for companies in the Caribbean.
"We note your commitment to creating this eco-system by
your decision to invest in Barbados, and your ability to make
dreams a reality; which marks you as a 'visioneur'.
"In short, you make us extremely proud and we wish to
honour you with our Vanguard Award," the Institute added.
Abed said that he was honoured and humbled to receive the award
on behalf of Bitt Inc. and was proud to be the sole Barbadian among
this year's awardees.
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