More financial institutions to deploy CBDC wallet soon

 

The Bank of Jamaica says more financial institutions are looking to deploy their own central bank digital currency, Jam-Dex, wallet.

 

BOJ Governor Richard Byles says at least one wallet is in the final phase of testing.

 

"Although we only have one institution that is currently offering Jam-Dex, there is another that is complete and ready to roll. They are just doing their testing internally, and I expect that shortly they will come on board. And there is another that is behind that is about to enter the sandbox," he revealed.   

 

Lynk, which is available through NCB, was the first wallet provider approved by the BOJ for CBDC transactions.