Earlier this month, Jamaican Senator Aubyn Hill announced the creation of a “digital marketplace” for e-commerce to enable consumers to pay with the country’s central bank digital currency (CBDC), the JAM-DEX.
“We have various payment platforms in the marketplace now such as Lynk and Jam-Dex. However, there are still not enough people using them,” said Mr Hill talking to the Jamaican Observer. “One reason for this is that there are not enough merchants on them. I realised that there is no digital marketplace where all buyers can meet easily on a payment system.”
Lynk is the CBDC app developed by National Commercial Bank (NCB), the only bank to have launched a wallet to date.
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