Jamaica population to broadly adopt CBDC by 2027

Jamaicans are keen on adopting the Central Bank Digital Currency (CBDC), with predictions going as optimistic as 70% of the population within five years. The reduced banking costs and inclusivity of the digital coin are among the main reasons why CBDC is attractive. 

However, the challenge that Jamaican officials must first address is providing the population with access to digital services and Internet connection before adopting a digital coin.