Tag: cryptocurrency

Digital Currency ….Should I care?
Tech News, Editorial

Digital Currency ….Should I care?

Recently the Bank of Jamaica (BOJ) minted Jamaica’s first batch of central bank digital currency (CBDC). A total of J230M dollars in CBDC will be issued to deposit-taking institutions and authorized payment service providers during the CBDC pilot exercise which ends in December. I know there are a lot of buzz words floating around and a lot of average citizens have no idea what this even means and if no one understands it then this will definitely reduce the adoption. Here are a few key terms: Digital currency is the generic term for money that exists in the digital space (non-physical form). It is also called digital money, electronic, electronic currency, or cybercash. Despite being non-physical, you will be able to purchase your daily goods & services. Central Bank Di...
The Bahamas Blockchain will be a Digital Paradise for FinTech start-ups
Tech News, Tech Tips, Internet

The Bahamas Blockchain will be a Digital Paradise for FinTech start-ups

“The production of a modern fully digital payment service is the way forward for this era of governance. A digital Bahamian currency is especially important for the many family islands as they have seen many commercial banks downsize and pull out of their communities, leaving them without banking services. Deputy Prime Minister and Minister of Finance, K Peter Turnquest during The Bahamas Blockchain and Cryptocurrency Conference. The Bahamas is launching their own cryptocurrency. So says Deputy Prime Minister and Minister of Finance, K Peter Turnquest, who made the announcement during The Bahamas Blockchain and Cryptocurrency Conference in the week of Monday June 18, 2018. If they achieve this, the island of Grand Bahama will become the digital paradise of the region. The c...
GraceKennedy’s Innovation Lab planning to launch a GK MPay cryptocurrency
Gadgets, Tech News, Internet, Caribbean Tech

GraceKennedy’s Innovation Lab planning to launch a GK MPay cryptocurrency

GraceKennedy has plans for their MPay platform. They've been buying companies left right and center with an aim to hit $100 billion in annual revenue before 2020 via acquisitions in overseas markets. The food and financial services company has 50 subsidiaries in the following territories: The Caribbean United States United Kingdom Europe Canada Africa They've already got a one-third stake in Gray's Pepper and 100% of Consumer Brands Limited with the CEO Don Wehby eyeing prospects in Trinidad and Guyana. These acquisitions have netted them $92 billion in revenue last year and $4.77 billion in net profit. Now word on the street is that they plan to go cryptocurrency with the GK MPay App, having sunk some serious cash into building out an Innovation Lab at the...
How Jamaicans can mine cryptocurrency via the Electroneum App
Tech News, Internet, Caribbean Tech

How Jamaicans can mine cryptocurrency via the Electroneum App

A new UK based cryptocurrency startup Electroneum will soon be launching a mobile mining feature in their smartphone. This will allow anyone with the app to get free Electroneum simply from running the app. At the moment Electroneum is currently working on beta testing the mobile mining function of the Android app and the mobile mining function isn’t officially available.  The company plans on making it available to the world; follow them on Twitter or Facebook for the latest news. Jamaicans can download the Electroneum mobile app and sign up for an account with the company. You can also sign up for an Electroneum account by going to my.electroneum.com. Apple lovers fret not an IOS app is in the works, so iPhone users won’t be left out. It would be a good idea to start purchas...