Aug. 13, 2021, 6:10 PM
Eventually, any Jamaican with a mobile phone will be able to use the digital cash, Bank of Jamaica Deputy Governor Natalie Haynes said in a telephone interview Thursday.
The new currency also cuts costs for monetary authorities by reducing the printing, security and distribution costs associated with physical cash, Haynes said.
The banks spends about $6.4 million a year acquiring bills and coins. …