Google Trends data reveals a consistent increase in search interest for “CBDC,” which stands for central bank digital currency, over the past five years. The term has maintained a score above 20 since August 2022, on a scale of 1 to 100, where 100 signifies peak interest. CBDCs See Consistent Search Growth, Top Regions Include…
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Jam-Dex would be significantly transformative for the public transportation sector and needs to be embraced, believes Aldo Antonio. 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…
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“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 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…
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The Jam-DEX is named after the Jamaican Digital Exchange following a competition. Its slogan is “no cash, no problem!” The Bank of Jamaica revealed the name of its upcoming central bank digital currency (CBDC) after a design competition, only to receive backlash from the local crypto community. The central bank of Jamaica announced on Twitter…
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Reggae and dancehall musicians in the Caribbean may soon have a nonfungible token platform to help gain greater control of their creative work. Jamaican reggae artist Bay-C has partnered with Caricoin, a London-based Bitcoin (BTC) wallet company, to create a nonfungible token (NFT) platform for fellow performers in the Caribbean. According to a report by…
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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 is the latest country making concrete efforts towards issuing its own sovereign digital currency. According to a press release by the Bank of Jamaica on Tuesday, eCurrency Mint, a cryptography security…
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Jamaica’s central bank has invited technology solution providers to develop and test a potential CBDC. The Bank of Jamaica invited technology solution providers to develop and test potential central bank digital currency, or CBDC, solutions. According to a statement published July 17, interested companies have been requested to submit the details of their solutions to…
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