Founder and chief executive officer (CEO) of eCurrency, Jonathan Dharmapalan, has given the assurance that Jamaica’s digital currency will not be a security headache. In an exclusive interview on Taking Stock with Kalilah Reynolds, Dharmapalan noted that the technology being used to run the Central Bank Digital Currency (CBDC) will ensure the digital funds cannot be counterfeited or compromised.

Recently the Bank of Jamaica minted the first J$230 million in CBDC which will be issued to deposit-taking institutions and authorised payment service providers during the pilot which ends in December.

Kalilah Reynolds Media witnessed the process, along with BOJ Governor Richard Byles, Finance Minister Dr Nigel Clarke, and others. However, no video or audio recordings were allowed for security reasons.

https://www.jamaicaobserver.com/sunday-finance/jamaica-s-digital-currency-more_229321?profile=1056