Cryptocurrencies
Jamaican Digital Currency Coming in 2022, PM Holness Says
- PM Andrew Holness says e-cash will reduce transaction costs
- Jamaica has been piloting the CBDC project since 2021
Andrew Holness
Photographer: Daniel Leal-Olivas/AFP/Getty Images
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Jamaica’s Prime Minister said the country is on track to launch its own e-currency this year, as the island joins the ranks of those embracing digital fiat.
“The Bank of Jamaica will roll out our own digital Jamaican dollar in 2022 after a successful pilot during 2021,” Prime Minister Andrew Holness wrote on Twitter, echoing a speech made by the island’s governor general.