This is horrible news in our opinion but…..
The Bank of Jamaica subjected the entire branding of the CBDC to a public competition.
The name Jam-Dex, which is a short version of Jamaica Digital Exchange and the tagline, “No cash, no problem!” were proposed by Ms.
Ashley Payne, who won the prize of 600K Jamaican dollars – or about $3840 – for her entries plus an additional 50 Jamaican Dollars in Jam-Dex.
The Central Bank of Jamaica noted that the slogan of the new CBDC refers to a popular saying that points to being of good cheer in the face of adversity. For its part, the D in the name has a bar design similar to those in the U.S. dollar symbol.
We hope this gets scraped, CBDC’s enables governments to fully control how we spend our money
