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Bus and taxi operators in Jamaica are eager to use the country’s in-house central bank digital currency (CBDC) — Jam-Dex — as locals seek operational efficiencies and reduced costs and security risks.The Central Bank of Jamacia launched Jam-Dex, short for Jamaican Digital Exchange, in 2022, which was supported by an
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The first 100,000 Jamaican citizens to use the country’s new central bank digital currency (CBDC) known as Jam-Dex will be given a free $16 payment in the hopes of promoting widespread adoption. Jamaican prime minister Andrew Holness first announced the news in a Facebook post on Thursday. The post received a
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The Jamaican central bank successfully completed the pilot testing of its central bank digital currency, a statement from the bank has said. The statement however reveals that only one payment service provider participated in the pilot. Only One Payment Provider Participated in the Pilot The Bank of Jamaica (BOJ) recently revealed that
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