๐ CBDC adoption is on the rise, with 130 countries exploring digital currencies and 11 nations launching their own! ๐ But how are these projects faring so far? Let's take a look at Jamaica's Jam-Dex, the Bahamas' sand dollar, and Nigeria's eNaira. ๐ง
๐ฏ๐ฒ Jam-Dex aims to promote financial inclusion, but with only 190,000 customers and limited merchant adoption, there's still work to be done. ๐ช
๐ง๐ธ The sand dollar faced challenges in addressing financial exclusion, but it's still in circulation with potential for growth. ๐
๐ณ๐ฌ Nigeria's eNaira saw rapid adoption amidst a cash shortage, but forced adoption can lead to backlash. ๐ฌ
What do you think about the future of CBDCs? Will they revolutionize global finance or face more challenges ahead? Share your thoughts in the comments! ๐ฌ