Bank of Jamaica going all out for Jam-Dex success - 0 views
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John Kiff on 18 Jan 24The Bank of Jamaica (BOJ) is reportedly working to upgrade user-facing payment infrastructure to ramp up acceptance of its JAM-DEX central bank digital currency (CBDC). That will include funding the upgrade 10,000 of the more modern point-of-sale (POS) machines to support the JAM-DEX QR codes. Once the upgrades are done, the BOJ will relaunch its JAM-DEX marketing campaign to hopefully jump-start the underwhelming reception so far. However, the POS upgrades will still leave over 40,000 older machines that are not upgradable. https://www.centralbanking.com/benchmarking/financial-stability/7960528/richard-byles-on-jamaicas-inflation-targeting-baptism-of-fire