Tag: digital currency

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...