Topic: Jamaica Adopt cryptocurrency - page 2. (Read 250 times)
The future is bright and that's not only because of Jamaica but it's because of the whole cryptocurrencies market adoption. CBDC is just like the new trend for the government but it's not entirely covering the crypto market. It's just being looked at as crypto because of the adjustment and creation of it but it's better if they create laws or no laws at all that shall not stop crypto adoption for their country. And having that said, it should be for most countries too that will make such laws.
The advantage of a blockchain is that the transactions are easily traceable so if if for example the govt. money has been used in unethical ways, a simple blockchain audit should reveal where the money "has travelled".
I think a lot of corruption could be eliminated this way. On the other side the authorities will be much "closer" to citizens' spending habits and we would still have to depend/trust a centralized entity which personally I don't like. I'd much rather trust a big, decentralized network (Bitcoin), but the two - stablecoins and BTC could co-exist successfully IMO.
I think a lot of corruption could be eliminated this way. On the other side the authorities will be much "closer" to citizens' spending habits and we would still have to depend/trust a centralized entity which personally I don't like. I'd much rather trust a big, decentralized network (Bitcoin), but the two - stablecoins and BTC could co-exist successfully IMO.
This is good news for the crypto world, I hope other countries will start to follow and adopt btc as a currency. Following the green market developments this week, and the good news continues to emerge, btc is about to start hitting its ath again i hope so for now. And for the future i will keep believing btc is everything.
Regarding the CBDC in Jamaica, I think it is still in a stage that is not yet mass-ready. The reason is that the government can still control it for several points. Because if it refers to adoption, of course it can't be centralized, because this is a virtual-based coin pegged to the Dollar will be more appropriate as part of a stable coin and still cannot open up space for other cryptos, especially Bitcoin itself.
Its CBDC not a cryptocurrency that Jamaica wants to create. It doesnt solve anything as its just making the currency digital which the goverment can still print more of the currency. The article also didn't have links to where it got the information.
The first cryoto sites we often see that publish news like this are coindesk and cointelegraph to which they include sources. Dogecoinnewshub.com seem an unlikely source.
The first cryoto sites we often see that publish news like this are coindesk and cointelegraph to which they include sources. Dogecoinnewshub.com seem an unlikely source.
More and more countries around the world are adopting and tapping into the advantages of blockchain-based currencies, with Jamaica launching its first digital currency issued to bank customers on personal or business account pegged to the Jamaican dollars on a 1:1 exchange ratio, this development is the latest among others with Venezuela aiming to lunch it owns BCDC in October 2021.
There is a bright future for the cryptocurrency market with more development of stable coins it will allow for more transparency and government adoption of the blockchain technology, which will eventually result in mainstream adoption of cryptocurrencies.
What is your expectation for the future?
Link to full new
https://dogecoinnewshub.com/crypto/the-bank-of-jamaica-coins-the-first-batch-of-national-virtual-currency/?utm_source=dlvr.it&utm_medium=facebook
Yes Bank of Jamaica has made steady progress with the CBDC currency to facilitate a number of benefits for citizens such as being more efficient, safer, and functioning as a formidable means of payment.There is a bright future for the cryptocurrency market with more development of stable coins it will allow for more transparency and government adoption of the blockchain technology, which will eventually result in mainstream adoption of cryptocurrencies.
What is your expectation for the future?
Link to full new
https://dogecoinnewshub.com/crypto/the-bank-of-jamaica-coins-the-first-batch-of-national-virtual-currency/?utm_source=dlvr.it&utm_medium=facebook
I think it's a good move, a move to adopt CBDC as much more efficient than physical cash, “It's instant and it's a very efficient way of paying, in a way that cash just can't. Merchants also do not need to look for change, because the payment can be up to one cent.
CBDC could be a new gateway for the fresh money to enter in the crypto. In my opinion, this trend will become popular. Some countries have been announcing to issue their own CBDC in the future. The crypto developers have needed to work with the CBDC bridge to the crypto.
Glad to see that more and more countries are seeing crypto as an opportunity. It seems like this trend gonna be a massive trend. It's just a matter of time. CBDC maybe a threat for stable coin
That's good news. Almost every day i see how some company going to accept crypto and some countries concidering it. I hope there will be a lot of countries which will do so in the next decade.
With the expansion of btc's influence, I believe that more and more countries will accept and recognize it.
What we have to do now is to promote more, BTC is not only a virtual currency, it is also the beginning of an era of change.
What we have to do now is to promote more, BTC is not only a virtual currency, it is also the beginning of an era of change.
More and more countries around the world are adopting and tapping into the advantages of blockchain-based currencies, with Jamaica launching its first digital currency issued to bank customers on personal or business account pegged to the Jamaican dollars on a 1:1 exchange ratio, this development is the latest among others with Venezuela aiming to lunch it owns BCDC in October 2021.
There is a bright future for the cryptocurrency market with more development of stable coins it will allow for more transparency and government adoption of the blockchain technology, which will eventually result in mainstream adoption of cryptocurrencies.
What is your expectation for the future?
Link to full new
https://dogecoinnewshub.com/crypto/the-bank-of-jamaica-coins-the-first-batch-of-national-virtual-currency/?utm_source=dlvr.it&utm_medium=facebook
There is a bright future for the cryptocurrency market with more development of stable coins it will allow for more transparency and government adoption of the blockchain technology, which will eventually result in mainstream adoption of cryptocurrencies.
What is your expectation for the future?
Link to full new
https://dogecoinnewshub.com/crypto/the-bank-of-jamaica-coins-the-first-batch-of-national-virtual-currency/?utm_source=dlvr.it&utm_medium=facebook
Jump to: