• Home
  • Login
  • Register
Currency Insider
  • Home
  • Reading Library
  • CBDC Think Tank
SUBSCRIBE
No Result
View All Result
Currency Insider
  • Home
  • Reading Library
  • CBDC Think Tank
Currency Insider
No Result
View All Result

Jamaica Finalising Steps to Debut its CBDC

by CBDC Insider
February 22, 2022
in Africa, Business
Reading Time: 1min read
0
Jamaica Finalising Steps to Debut its CBDC
Share on FacebookShare on Twitter

The Jamaican government has stated that it is finalizing preparations for the launch of Jam-Dex, the country’s central bank digital currency.

The Bank of Jamaica revealed this week in a press statement that it has already chosen the name, visual image, tagline, and logo for the CBDC, which will be launched later this year. Following a public competition the bank organized, the whole branding of the new digital money was decided.

According to the announcement, the name Jam-Dex is derived from Jamaican Digital Exchange, with the tagline “no cash, no problem” proposed by Ms. Ashley Payne. The prize winners for each item were announced, with Ms. Payne “receiving total of J$600,000 (J$350,000 for the name and J$250,000 for the tagline) in regular currency, plus a combined total of J$50,000 in CBDC.”

RELATED STORIES

Japan to Set Up Panel on Central Bank Digital Currency

Japan to Set Up Panel on Central Bank Digital Currency

March 30, 2023
Russia Delays Digital Ruble Launch Testing Due to Lawmaking Process

Russia Delays Digital Ruble Launch Testing Due to Lawmaking Process

March 30, 2023

Read more

Previous Post

Russia Moves Ahead on Regs Bill

Next Post

Bank Negara Malaysia to Award Digital Banking Licenses

Next Post
Bank Negara Malaysia to Award Digital Banking Licenses

Bank Negara Malaysia to Award Digital Banking Licenses

© 2022 CBDC Insider

No Result
View All Result
  • Home
  • Map
  • Reading Library
  • CBDC Think Tank
  • Partners
    • DEA
  • Login
  • Register