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Bank of Jamaica Invites Tech Companies to Test Digital Currency Solutions

Jamaica’s central bank has invited technology solution providers to develop and test a potential CBDC. The Bank of Jamaica invited technology solution providers to develop and test potential central bank digital currency, or CBDC, solutions. According to a statement published July 17, interested companies have been requested to submit the details of their solutions to the bank by Aug. 7, 2020.The developed solutions will be tested within the Fintech Regulatory Sandbox recently established by the bank  It will ensure adequate consumer protection and data privacy before the solutions are introduced to the Jamaican economy, the bank said.Not a cryptocurrencyThe central bank…

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