From Thailand to the Eastern Caribbean, the CBDC experience has been one of government waste. So why do financial authorities keep pushing them?
Jamaica News
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Jam-Dex would be significantly transformative for the public transportation sector and needs to be embraced, believes Aldo Antonio.
6564Jamaica’s new central bank digital currency, slated for launch early this year, aims to help address economic issues on the island nation.
5380Jamaica Digital Exchange — Jamaica’s soon-to-be-released CBDC — will see citizens with crypto wallets receive a $16 deposit to help spread awareness and usage.
9204The Jam-DEX is named after the Jamaican Digital Exchange following a competition. Its slogan is “no cash, no problem!”
5330The Caribbean country expects a nationwide CBDC rollout by the end of the first quarter of 2022.
6635The Bank of Jamaica initially partnered with the Irish cryptography firm eCurrency Mint for its CBDC project in March 2021.
7755The Bank of Jamaica plans to issue a total of $1.5 million of CBDC to institutions and authorized payment service providers as part of a pilot ending this December.
12613The Bank of Jamaica is getting ready to begin testing its planned central bank digital currency in collaboration with financial institutions in the country.
4312Reggae and dancehall musicians in the Caribbean may soon have a nonfungible token platform to help gain greater control of their creative work.
14637The Bank of Jamaica has partnered with an Ireland-based tech firm for its central bank digital currency project scheduled to begin in May.
7509Jamaica’s central bank has invited technology solution providers to develop and test a potential CBDC.
4250The Eastern Caribbean Securities Exchange is partnering with Canadian fintech firm Blockstation to trial tokenized security offerings.
2142Following a successful pilot in January, the Jamaica Stock Exchange will launch a limited live-trading pilot with BTC and ETH.
5505The Jamaica Stock Exchange has chosen a Canadian fintech company to launch trading and other related services for cryptocurrencies and tokens.
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