Bus and taxi operators in Jamaica are eager to use the country’s in-house central bank digital currency (CBDC) — Jam-Dex — as locals seek operational efficiencies and reduced costs and security risks.
The Central Bank of Jamacia launched Jam-Dex, short for Jamaican Digital Exchange, in 2022, which was supported by an airdrop event to expedite its widespread adoption. More recently, Aldo Antonio, co-founder and acting executive chairman of the National Transporters Alliance Group (NTAG), revealed his efforts to spread Jam-Dex adoption among the transport community.