Jamaica Completes CBDC Pilot, Expects Rollout Later This Year

Jamaica Completes CBDC Pilot, Expects Rollout Later This Year
The Jamaican central bank, Bank of Jamaica (BOJ), announced that it has successfully completed the trial of its central bank digital currency (CBDC).The 8 month pilot was initially delayed for unspecified reasons, according to a report from CoinDesk. The announcement does not mention anything about the delay, only stating that the pilot began in May and ended on Dec 31, 2021.Jamaica is set to roll out the CBDC in the first quarter of 2022.The BOJ had been working with Ireland-based technology firm eCurrency Mint on the sandbox project. The scope of the pilot was limited to wallet providers who indicated…