Jamaica

Jamaica to Launch CBDC Jamaica Digital Exchange
Jamaica to Launch CBDC Jamaica Digital Exchange

Bank of Jamaica is set to launch a central bank digital currency named Jamaica Digital Exchange. The institution will perform additional tests this month to its CBDC to guarantee seamless transactions. The CBDC should help Jamaicans who are financially excluded, the Bank of Jamaica’s Governor said. Bank of Jamaica, the central bank of Jamaica, plans to launch a digital version of its national currency. Last February, the institution stated that everything was ready for the release of the product. The CBDC, named Jam-Dex, stands for Jamaica Digital Exchange.  According to a recent interview with the Business Guardian, Natalie Haynes, the