Jamaican govt. is all set to airdrop $16 to the first adopters of CBDC wallet for JAM-DEX
In a bid to spread awareness and bolster usage, the Jamaican Government is all set to airdrop $16 to the first 100,000 citizens setting up Central Bank Digital Currency wallets after April 1st.While delivering the opening presentation in the 2022/23 Budget Debate in the House of Representatives this week, Minister of Finance and the Public Service Dr. Nigel Clarke
The initiative is a part of the Government’s digital transformation of Jamaica’s economy. According to the Finance Minister, any individual with an existing bank account can automatically be eligible for a JAM-DEX wallet. The Government plans to detail more incentives to use the new CBDC, the rollout of which is scheduled for the beginning of the April to June quarter.
For the unbanked population, the minister stated that the citizens will need a CBDC wallet that has KYC provisions.
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