{"id":144514,"date":"2023-09-01T15:57:27","date_gmt":"2023-09-01T10:27:27","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=144514"},"modified":"2023-09-01T15:57:27","modified_gmt":"2023-09-01T10:27:27","slug":"jamaican-taxi-drivers-bullish-on-accepting-jam-dex-cbdc-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/jamaican-taxi-drivers-bullish-on-accepting-jam-dex-cbdc-crypto-news\/","title":{"rendered":"Jamaican taxi drivers bullish on accepting Jam-Dex CBDC – Crypto News"},"content":{"rendered":"
\n

Bus and taxi operators in Jamaica are eager to use the country\u2019s in-house central bank digital currency (CBDC)<\/a> \u2014 Jam-Dex<\/a> \u2014 as locals seek operational efficiencies and reduced costs and security risks.<\/p>\n

The Central Bank of Jamacia launched Jam-Dex, short for Jamaican Digital Exchange, in 2022, which was supported by an airdrop event to expedite its widespread adoption<\/a>. More recently, Aldo Antonio, co-founder and acting executive chairman of the National Transporters Alliance Group (NTAG) revealed his efforts to spread Jam-Dex adoption among the transport community. <\/p>\n

According to a local report<\/a> from Jamaica Observer, Antonio sees a lower curiosity in CBDCs among bus and taxi drivers \u2014 primarily due to a sluggish adoption rate among vendors and consumers. Regardless, Antonio remains optimistic:<\/p>\n

\u201cI see Jam-Dex as something that would be significantly transformative for the public transportation sector and needs to be embraced.\u201d<\/p><\/blockquote>\n

In order to make Jam-Dex feasible, Antonio believes Jamaica needs more customers willing to use the CBDC. Failure to attract customers will discourage merchants and eventually result in the total abandonment of digital currency.<\/p>\n

According to Antonio, food and transportation are the two main verticals that can increase the day-to-day Jam-Dex usage. He added:<\/p>\n

\u201cIf we can get them (Jamaicans) moving and paying for transportation using Jam-Dex on a daily basis, it increases the rate at which we can get the digital currency into people’s hands.\u201d<\/p><\/blockquote>\n

Moreover, CBDC\u2019s widespread adoption eradicates the drivers\u2019 concerns related to carrying cash or giving back the exact change. Jamaica is currently working toward enabling the CBDC services on mobile phones of the general public. \u201cWith that happening and training happening, then the sector could be in a position by January, if not before, to be able to accept Jam-Dex-type payments,\u201d Antonio concluded. <\/p>\n

An estimated 25,000 to 30,000 transport owners reside in Jamaica, who can help expand Jam-Dex\u2019s reach beyond the existing 10,000 vendors with 200,000 people that use the CBDC through the digital wallet Lynk.<\/p>\n

Related: <\/em><\/strong>Crypto Twitter is not happy with the name and logo of Jamaica\u2019s CBDC<\/em><\/strong><\/a><\/p>\n

While Jamaica banks on taxi drivers to expedite its CBDC adoption, Japanese auto-maker Nissan ramped up its Web3 efforts.<\/p>\n

\n

#NISSAN<\/a> has filed 4 trademark applications for
\u25b6\ufe0f INFINITI
\u25b6\ufe0f NISMO
\u25b6\ufe0f NISSAN<\/p>\n

The filings signal plans for
Virtual Clothes + Cars
Stores for Virtual Goods + NFTs
NFT Marketplaces + Trading + Minting
Metaverse Advertising Services#NFT<\/a> #NFTCommunity<\/a> #Metaverse<\/a> #Web3<\/a> #Car<\/a> pic.twitter.com\/iG3ZVgyD5t<\/a><\/p>\n

\u2014 Mike Kondoudis (@KondoudisLaw) March 13, 2023<\/a><\/p><\/blockquote>\n

In Q1 2023, Nissan filed four new Web3-related trademarks filed in the United States. In addition, its Japan unit is experimenting with auto sales in the metaverse. The filings to the USPTO reveal Nissan\u2019s plans to create virtual clothes, cars, headgear, trading cards, toys, tickets and a nonfungible token (NFT)<\/a> marketplace for trading and minting NFTs.<\/p>\n

Magazine:\u00a0Recursive inscriptions: Bitcoin \u2018supercomputer\u2019 and BTC DeFi coming soon<\/a><\/em><\/strong><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Bus and taxi operators in Jamaica are eager to use the country\u2019s in-house central bank digital currency (CBDC) \u2014 Jam-Dex \u2014 as locals seek operational efficiencies and reduced costs and security risks. The Central Bank of Jamacia launched Jam-Dex, short for Jamaican Digital Exchange, in 2022, which was supported by an airdrop event to expedite […]<\/p>\n","protected":false},"author":2,"featured_media":144515,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[235,203,210,234,231,232,237,238,236,233],"class_list":["post-144514","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-bitcoin","tag-crypto-currency","tag-elon-musk","tag-ethereum","tag-hyperledger","tag-ibm","tag-mining","tag-nodes","tag-spacex","tag-tesla"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/144514","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=144514"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/144514\/revisions"}],"predecessor-version":[{"id":145960,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/144514\/revisions\/145960"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/144515"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=144514"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=144514"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=144514"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}