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The Bank of Jamaica (BOJ) at the start of this week minted $230 million...

Interview with the Central Bank of Jamaica and eCurrency on CBDCs

The next few years could see several countries introduce digital versions of their national currencies, which are also known as central bank digital currencies (CBDCs). China, Estonia and Japan are among the countries that are said to be interested in doing this, but it isn’t clear whether they will each approach it in the same way. The Hoover Institution pointed out in a 2017 report that the introduction of digital versions of national currencies could be done in different ways, using the new token either like cash or more like a debit card. However, by looking at the recent examples of ...

Jamaica, Ireland firm partner to test CBDC project in 2021 Business The Bank of Jamaica has partnered with an Ireland-based company—eCurrency Mint—to pilot its central bank digital currency (CBDC) project. The project will commence between May and December of this year. As reported by CoinGeek in July 2020, the bank was looking for a technology partner to commence its CBDC pilot in 2021. While inviting applications, it touted the potential of the CBDC, claiming it would increase financial inclusion through ‘efficient and secured payments.’ The bank announced in a press release...

Eastern Caribbean Central Bank's DCash digital currency goes live The ECCB has launched a regional central bank digital currency in partnership with Caribbean fintech outfit Bitt. 3668 Total views News The Eastern Caribbean Central Bank, the main financial institution of the Eastern Caribbean Currency Union, has launched DCash. DCash is the digital version of the Eastern Caribbean dollar — the official currency of the eight countries in the union. However, as announced during the launch, DCash is only available in four of the currency union’s member states: Grenada, St. Kitts and...