Amitoj Singh
Mon, January 3, 2022, 6:45 AM
The Jamaican central bank, Bank of Jamaica (BOJ), announced that it has successfully completed the trial of its central bank digital currency (CBDC).
Mon, January 3, 2022, 6:45 AM
The Jamaican central bank, Bank of Jamaica (BOJ), announced that it has successfully completed the trial of its central bank digital currency (CBDC).
- The eight-month pilot was initially delayed for unspecified reasons, according to a report from CoinDesk. The announcement does not mention anything about the delay, only stating that the pilot began in May and ended on Dec. 31, 2021.
- Jamaica is set to roll out the CBDC in the first quarter of 2022.
- The BOJ had been working with Ireland-based technology firm eCurrency Mint on the sandbox project. The scope of the pilot was limited to digital wallet providers who indicated readiness to participate within the time frame.
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