The Digital Hong Kong Dollar May Bring Unique Values to Hong Kong's Existing Payment Ecosystem in Three Ways

[ChainDD report] October 30 (ChainDD) The Hong Kong Monetary Authority (HKMA) today released the "First Phase Report of the 'Digital Hong Kong Dollar' Pilot Project".

The first phase of the pilot project has shown that the digital Hong Kong Dollar may bring unique values to Hong Kong's existing payment ecosystem in three areas, including programmability, tokenization and instant settlement.

The digital Hong Kong Dollar has the potential to facilitate faster, more cost-effective and inclusive transactions, while enabling new types of economic activity.

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