Caricoin Looks to Jamaica for its New Home
London-based Caricoin is looking to open a new bitcoin exchange in Jamaica, and negotiating with the country’s primary bank for support. Banks and digital currency have had a rocky relationship. On one hand, the Bank of England is swearing to create their own virtual currency in the near future. At the same time, figures like Bill Gross are turning away from central banking and promoting bitcoin as the “new and improved” route for investors. Presently, there is no clear vision on how to fuse Caricoin with Jamaican banks, although the executives behind the bitcoin wallet feel it would be in....
Related News
London-based Bitcoin wallet company, Caricoin is trying to start up a Bitcoin exchange in Jamaica. Caricoin is pitching to the Bank of Jamaica for support in creating their Caribbean exchange which aims to merge Bitcoin with the Caribbean banking system. The BoJ proposal. Till date, Caricoin does not have an official proposal and is currently working on putting it together. They hope that the BoJ will embrace Bitcoin as other banks have with its technology which could put the Bank of Jamaica in a good position to develop Blockchain-based Fintech solutions with a Caricoin-BoJ partnership.....
Reggae and dancehall musicians in the Caribbean may soon have a nonfungible token platform to help gain greater control of their creative work. Jamaican reggae artist Bay-C has partnered with Caricoin, a London-based Bitcoin (BTC) wallet company, to create a nonfungible token (NFT) platform for fellow performers in the Caribbean.According to a report by the Jamaica Observer, the planned NFT platform will allow reggae and dancehall creatives in the Caribbean to gain more from their efforts in the music industry.The planned NFT platform for musicians in the Caribbean is a further extension....
UK-based Caricoin has officially launched its all-in-one mobile bitcoin wallet with BitGo, designed specifically for the Caribbean market. Caricoin: ‘Social Workflow’. The company, which has offices in Jamaica and seeks to provide banking to the 50 percent of Caribbeans with no banking access, announced the launch in a press release Thursday. “Much in....
According to an announcement from Jamaica’s Prime Minister Andrew Holness the Bank of Jamaica plans to “roll out” its central bank digital currency (CBDC) after the country’s successful pilot last year.
Jamaica’s CBDC Is Due to Launch This Year
Jamaica, the island country situated in the Caribbean Sea is planning to launch its CBDC this year, according to Prime Minister Andrew Holness. The Jamaican bureaucrat tweeted about the CBDC on February 10, when he said: “the Bank of Jamaica will roll out our own digital Jamaican dollar in 2022....
But there is more, as Caricoin allows users to pay for goods and services sold by thousands of online retailers. When looking at things from a broader perspective, there are quite a few digital currency initiatives in circulation already. Caricoin, a project that has not made any headlines outside of the Caribbean, has been pretty successful so far. This Bitcoin wallet solution tailored specifically to the needs of Caribbean users and enterprises helps push Bitcoin adoption n that part of the world to new heights. What makes the Caricoin solution so appealing is how it can be set up by....