Transport Operators in Jamaica Eager to Adopt Jam-Dex CBDC
Transport operators are expressing their readiness to embrace the central bank digital currency called Jam-Dex, introduced by the Bank of Jamaica (BOJ). If all falls into place quickly, these operators could integrate Jam-Dex into their systems by the upcoming year. Aldo Antonio, the co-founder and acting executive chairman of the National Transporters Alliance Group (NTAG), […]
Latin America Leads CBDC Adoption: A Roadmap for Digital Finance Revolution
Latin American countries have been making steady progress towards CBDCs. According to a report by the International Monetary Fund (IMF), the majority of central banks in the region are currently evaluating CBDCs. While most of the research and development is still in the early stages, a few nations have made significant strides towards the launch […]
CBDCs on the horizon: The current state of CBDC initiatives around the world
Source: Cointelegraph Central bank digital currencies (CBDCs) have long been a topic of contested discussion, having often been met with a predominantly negative response in the crypto community. However, despite the skepticism, CBDCs undeniably serve as a significant use case for blockchain technology. BDCs distributed through blockchain technology can provide cheaper, faster and possibly more […]
Jamaica to drive CBDC adoption with e-commerce marketplace
Source: Ledger Insights Earlier this month, Jamaican Senator Aubyn Hill announced the creation of a “digital marketplace” for e-commerce to enable consumers to pay with the country’s central bank digital currency (CBDC), the JAM-DEX. Digital marketplace aims “We have various payment platforms in the marketplace now such as Lynk and Jam-Dex. However, there are still not […]
JN Bank onboarded as new wallet provider for Jam-Dex
Source: Loop Jamaica JN Bank members will be able to deposit and transfer funds, pay bills and convert funds seamlessly between regular accounts and Central Bank Digital Currency (CBDC) wallets when the full roll-out of its digital wallet takes place later this year. JN Bank became the second deposit-taking institution to be onboarded as a […]
eCurrency extends CBDC deal with Bank of Jamaica for rollout
Source: Ledger Insights Yesterday eCurrency announced it has signed a long term partnership with the Bank of Jamaica for the national rollout of its central bank digital currency (CBDC) known as JAM-DEX. eCurrency originally partnered with the central bank for its five-month retail CBDC pilot, which started in August last year. Technically JAM-DEX went into production on April 1 this […]
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