Jamaica News

Downloads of decentralized messaging app Bitchat are soaring in Jamaica as 185 mph winds batter the Caribbean, knocking out regular communication channels.

Jam-Dex would be significantly transformative for the public transportation sector and needs to be embraced, believes Aldo Antonio.

Jamaica’s new central bank digital currency, slated for launch early this year, aims to help address economic issues on the island nation.

Jamaica 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.

The Jam-DEX is named after the Jamaican Digital Exchange following a competition. Its slogan is “no cash, no problem!”

The Caribbean country expects a nationwide CBDC rollout by the end of the first quarter of 2022.

The Bank of Jamaica initially partnered with the Irish cryptography firm eCurrency Mint for its CBDC project in March 2021.

The 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.

The Bank of Jamaica is getting ready to begin testing its planned central bank digital currency in collaboration with financial institutions in the country.

Reggae and dancehall musicians in the Caribbean may soon have a nonfungible token platform to help gain greater control of their creative work.

The Bank of Jamaica has partnered with an Ireland-based tech firm for its central bank digital currency project scheduled to begin in May.

Jamaica’s central bank has invited technology solution providers to develop and test a potential CBDC.

The Eastern Caribbean Securities Exchange is partnering with Canadian fintech firm Blockstation to trial tokenized security offerings.