There are a few Jamaican and Caribbean-based cryptocurrencies that have emerged in recent years, with a focus on regional financial inclusion and economic development.
1. Jam-Dex (Jamaican Digital Exchange) Jam-Dex is Jamaicaâs official Central Bank Digital Currency (CBDC). Launched by the Bank of Jamaica, Jam-Dex is designed to facilitate secure and convenient digital payments across the island. While not a traditional cryptocurrency, it operates on blockchain technology and aims to foster financial inclusion for Jamaicans who may not have access to traditional banking.
2. Caricoin Caricoin was one of the first cryptocurrencies developed in the Caribbean, based in Jamaica. It aimed to provide a mobile wallet service that allowed people to send and receive Bitcoin easily across the region. Although Caricoin's development has slowed, it was an early pioneer in the Caribbean crypto space.
3. DigiCaribbean (DIGIC) DigiCaribbean is another digital currency aimed at empowering businesses and consumers in the region. With a focus on creating easy access to cryptocurrency for everyday transactions, DigiCaribbean aims to promote digital finance adoption across multiple Caribbean countries.
These regional digital currencies are still in their development stages, but they represent a growing trend towards blockchain solutions that cater to the unique economic needs of the Caribbean. For investors looking to support regional initiatives or explore crypto opportunities closer to home, these projects are worth monitoring.