Developing one of the first CBDC in the world
National Commercial Bank Jamaica Limited · Financial Services
EnterpriseimplementationBaufest helped National Commercial Bank Jamaica Limited, a Financial Services company, develop Lynk, a digital wallet, to meet the challenge of creating Jamaica's first central bank digital currency (CBDC). The project resulted in increased financial inclusion and a secure application launched within a six-month timeframe.
Products used
Challenges addressed
- –Need for a central bank digital currency (CBDC) for financial inclusion
- –Development of a minimal viable product (MVP) within six months
Key metrics
- ✓MVP launched in January 2022
- ✓First digital currency in Jamaica integrated with a wallet