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Jamaica is rolling out its central bank digital currency in the 1st quarter of 2022 after a successful pilot
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Jamaica is rolling out its central bank digital currency in the first quarter of 2022 following a successful pilot, the Jamaican government said Friday.
After the announcement of a prototype CBDC in March, the pilot began in May and concluded in December. The Bank of Jamaica worked in partnership with digital currency vendor eCurrency Mint. The country's National Commercial Bank was also part of the pilot to test the range of services to be offered.
The services tested included minting $1.5 million worth of CBDCs, issuing them to wallet providers, and distributing the digital currencies to retail customers.
During the pilot, NCB was the first wallet provider to be issued CBDCs and onboarded four small
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