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Capital Market Company 'JMMB' Group Is Exploring Jamaica CBDC Project
JMMB Group stated that the company is currently in the exploratory stage of the country’s central bank digital currency (CBDC) project, which is currently being rolled out nationwide.
Uzma D.
5:27 9th Jun, 2022
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Gifford Rankine, general manager of digital services at JMMB, said: "Currently, the company is looking for the right technology partner to provide the greatest value to our customers. The Jam-Dex project, a digital currency launched by the Central Bank of Jamaica, is now being promoted by the National Commercial Bank (NCB) through its Lynk wallet.

As the project ramps up, other financial institutions are expected to join, especially as the country tries to accelerate the development of the digital economy.

JMMB said the company is very advanced in executing digital transformation mechanisms, and it is also preparing to launch a series of new products as it seeks to achieve its growth goals.

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