70% of Jamaica population to adopt CBDC in 5 years, prime minister says

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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

Central bank digital currency evolved into a hot topic in Jamaica when the country’s central bankFollowing the tests, the country's prime minister, Andrew Holness, spoke confidently about CBDC adoption in the country.

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.”

 

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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.

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