Category: CBDC

Work Advanced To Commence Pilot Implementation Of Jamaica CBDC In August

Bank of Jamaica (BOJ) Governor, Richard Byles, says work is being finalised to commence pilot implementation of the proposed central bank digital currency (CBDC) locally, in August. Mr. Byles indicated that technical support for the CBDC’s rollout, among other inputs, are being reviewed to facilitate onboarding of the first financial institution – National Commercial Bank (NCB) – to test the system. The Governor said between September and December, the BOJ will look to onboard more banks, adding that “we will…

Bank of Jamaica Picks eCurrency Mint as CBDC Partner

Saint Lucia, Friday, March 26th, 2021: The Bank of Jamaica (BOJ) is advancing plans to roll out digital currency, with the announcement on Wednesday (23 March) that the BOJ has selected an Ireland-based company as its technology partner. According to a release from the bank: “BOJ is pleased to announce that after an extensive procurement process, the technology provider chosen to support BOJ in testing a central bank digital currency (CBDC) solution in the Bank’s Fintech Regulatory Sandbox for a…