The Bank of Jamaica has declared its central bank digital currency (CBDC) pilot programme a success, setting the stage for a national rollout throughout the first quarter of this year.

Jamaica partnered with eCurrency, an Irish firm focused on CBDC development. The firm’s chief executive, Jonathan Dharmapalan, recently testified before the US House of Representatives on ‘digitising the dollar’. eCurrency promises interoperability with existing financial ecosystems, retail and wholesale payments