Caribbean central bank digital currencies (CBDCs) are among the top-10 programmes globally having legal digital tender being rolled out for retail use, according to PwC’s 2022 CDBC global index.

The global index prepared by PwC is used to analyse and rank the leading retail (digital currencies designed for public use) and wholesale (digital currencies used by financial institutions that have accounts with central banks) projects.

 

Findings from the report indicate that while more than 80 per cent of central banks were seeking to launch CBDCs or in some instances have already done so, the Caribbean has taken serious steps across the region to implement and localise CBDCs, particularly for retail payments. The data reflect that the region, however, remains behind in the advancement of its wholesale programmes.

https://www.jamaicaobserver.com/business-report/caribbean-cbdcs-among-top-global-indices_248035