GIVEN THE recent launch of the Bank of Jamaica’s (BOJ) digital currency pilot project and the general positive performance of cryptocurrencies on the world market, many Jamaicans have taken an interest in the new and modern method of exchange.

However, there are many persons who may still not understand the concept of cryptocurrencies and central bank digital currencies (CBDC), and what this move by the BOJ means for the ordinary citizen.

Here’s the 101 on digital currencies:

https://jamaica-gleaner.com/article/news/20220208/growth-jobs-future-money-101-digital-currencies