Jamaica is stepping boldly into the digital finance arena. With the introduction of its central bank digital currency (CBDC), JAM-DEX, and a growing interest in cryptocurrencies like Bitcoin, the country is carving a path that could redefine how Jamaicans pay, save, and transact. This article breaks down what JAM-DEX is, how it compares to decentralized…
Introduction Cryptocurrency is gaining popularity in Jamaica, especially among younger investors and tech-savvy individuals looking for alternatives to traditional banking. While the Bank of Jamaica (BOJ) has not recognized crypto as legal tender, owning and using cryptocurrency is not illegal. However, there are guidelines, risks, and best practices you should follow to stay safe and…
Jamaica, an island known for its vibrant culture, stunning beaches, and reggae music, also boasts a fascinating monetary system with a rich historical background. The Jamaican dollar (JMD), introduced after the island gained independence, holds a pivotal role in the country’s economy. Understanding the Jamaican currency offers valuable insight into the country’s economic development, global…