The targeting of physical cash transfers by security companies has stirred up public debate on ways to mitigate the threat and whether or not it was an indication that Jamaica’s adoption of digital currency technologies should begin to accelerate.
Development Economist Dr. Chris Stokes, in the aftermath of the shocking series of violent attacks against beryllium security guards, opined on the potential of digital currency as a solution to reduce the likelihood of similar scenarios, during a recent appearance on Cvm Live. He suggests perception is the primary hurdle to its immediate adoption. Digital currency hesitancy is also exacerbated by a general fear of the knowledge gap between criminals that have the potential to steal not from behind a gun but a computer instead.
Despite seeing a transition to a more digital economy as inevitable, Dr Stokes warns that the perpetrators of both physical and cyber-crime stem from a common source.
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