A lthough Bank of Jamaica, BOJ, minted $230 million of its new digital currency earlier this month as part of a pilot that runs to year end, the sole approved wallet provider so far, National Commercial Bank Jamaica, NCB, is not expected to receive its allocation of the central bank digital currency before next month, with a gradual roll-out thereafter planned by the country’s largest commercial bank.
Natalie Haynes, BOJ deputy governor for banking and currency operations and financial markets, said the commercial bank’s roll-out of the currency is expected to start with accounts for its staff, in response to Financial Gleaner questions at the central bank’s quarterly monetary policy press conference last Friday.
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