Sagicor Group Jamaica has signalled its support of the Government’s intention to launch a digital currency which is expected to bolster the local economy.

Speaking last week at the first in a series of Sagicor Investments educational investor briefings dubbed ‘Money Talks’, Christopher Zacca, president and CEO of Sagicor Group Jamaica, commended the Government for introducing what he termed a “fantastic initiative” that is expected to promote financial inclusion.

 

“The piloting of a digital component of the Jamaican dollar has our full backing at Sagicor. This currency is no different to a piece of paper with $100 or $1,000 written on it, but what it does is make the production and distribution and control of the currency easier, cheaper and more efficient. It also addresses the issue of inclusivity within the financial sector and allows people with phones to access currency much easier through technology,” Zacca stated.

https://www.jamaicaobserver.com/business-observer/sagicor-supports-digital-currency-in-jamaica_218190?profile=1056