The Prime Minister of Jamaica is optimistic about the country's CBDC rollout. Andrew Holness has predicted that 70% of Jamaica's population will use digital JMD in the next five years
After completing its pilot test, Jamaica expects a nationwide CBDC rollout by the end of the first quarter of 2022.
NewsCentral bank digital currency (CBDC) evolved into a hot topic in Jamaica when the country’s central bankin early January.Following the tests, the country's prime minister, Andrew Holness, spoke confidently about CBDC adoption in the country.Holness has predicted the majority of the Jamaican population would be quick to adopt the digital currency, with over 70% using the CBDC within five years. The Jamaican prime minister
highlightedreduced banking costs and inclusivity of CBDC in a Bloomberg interview, adding that digital currency would ensure greater government accountability thanks to easier public resources tracking.While admitting the initial challenges of a nationwide CBDC launch, which is aimed for the first quarter of 2022, Holness added that the government has to “figure out how to give people access to digital devices and the internet in general.”Read more: Cointelegraph »
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$bscs bscstation 🔥 I think that the CBDC are created so that the government can mint it for their own benefits. Otherwise, it would be easier to develop regulation for stablecoins like Tether and use it. No one needs this coin lol.
Netanyahu negotiating plea deal in corruption trialFormer Israeli Prime Minister Benjamin Netanyahu is negotiating a plea deal in his corruption case No wonder trump loved him As if it matters? You're all actually acting as if there's such a thing as a single politician who's not corrupt. They're all corrupted. It's pretty much the nature of the beast. The question is are they corrupt enough to anger you.😉 There are those many levels of corruption. This guy is a criminal with a tie 👔
Biden, new Japanese prime minister to meet virtually FridayThe White House said the meeting will take place to highlight the strength of the U.S.-Japan alliance. And all the while wolves are slaughtered It's a bloodbath around here Sign it Share it Stand up for wolves We're demanding SecDebHaaland either stop the slaughter of Yellowstone wolves or resign 20% killed already Entire packs wiped out لانعلم لماذا يلاحقوننا اليمنيين هل يريدون استخدامهم ضدنا او ضد القانون والعدالة
Queen Elizabeth’s Platinum Jubilee: Britain Plans Pomp, ‘Pudding’ and PartiesBuckingham Palace is pulling out the stops to celebrate the British monarch’s 70 years on the throne, with a bumper program of events and a four-day public holiday. America is a federation with a national republic, UK is unitary with monarchy, the choice between a federation of states or unitary state precedes republic or monarchy. America sustains democracy by federation, not by republic, UK sustains democracy by monarchy, not unitary. British Royalty needs to go. It’s disgusting that you can just be born into it. Human evolution needs to move past kings and queens and princess and princes. She is so sweet ...... when she smiles.
Nurse Attacked Near Union Station in Downtown L.A. Area DiesA 70-year-old nurse who was viciously attacked at a bus stop near Vignes Street and Cesar Chavez Avenue died Sunday in a hospital, Los Angeles police announced. DO NOT BLAME THE COPS OR THE MAYOR YOU VOTED FOR prop47 YOU VOTED to keep mentally ill out of jail YOU voted to keep criminals out of jail YOU WANTED no bail YOU wanted to Defund the police and waste it trying to build up those who are robbing you oops pattmlatimes 🙏🏽😔
Jamaica arrests Haitian politician sought in Moïse's assassination'For more than one reason, we’re not sharing more information,' said Jamaica Police Superintendent Stephanie Lindsay. Finally got one!
Netanyahu negotiates plea deal in corruption trialThe deal could usher Netanyahu off the Israeli political stage for years, paving the way for a leadership race in his Likud party and shaking up Israel's political map.
0:00 News Central bank digital currency (CBDC) evolved into a hot topic in Jamaica when the country’s central bank in early January. Following the tests, the country's prime minister, Andrew Holness, spoke confidently about CBDC adoption in the country. Holness has predicted the majority of the Jamaican population would be quick to adopt the digital currency, with over 70% using the CBDC within five years. The Jamaican prime minister highlighted reduced banking costs and inclusivity of CBDC in a Bloomberg interview, adding that digital currency would ensure greater government accountability thanks to easier public resources tracking. While admitting the initial challenges of a nationwide CBDC launch, which is aimed for the first quarter of 2022, Holness added that the government has to “figure out how to give people access to digital devices and the internet in general.” The Bank of Jamaica, the country’s central bank, has become a pioneer in CBDC efforts with one of the first completed nationwide pilot projects in the world. After partnering with the Irish cryptography firm , the central bank has conducted an eight-month-long pilot. Related: UK Economic Affairs Committee unconvinced by prospect of retail CBDC As Cointelegraph reported, the bank has minted 230 million Jamaican dollars (JMD) ($1.5 million) worth of the CBDC for issuance to deposit-taking institutions and authorized payment service providers. BoJ then issued 1 million JMD ($6,500) in CBDC to the staff at BoJ’s banking department and another 5 million JMD ($32,000) to the National Commercial Bank, a major financial institution in the country. BoJ aims to add two new wallet providers for its CBDC, followed by a nationwide rollout in the first quarter of this year. The central bank also plans to focus on interoperability by testing transactions between customers of different wallet providers.