Visa completes digital Hong Kong dollar pilot test with local banks By Cointelegraph
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Payment processor Visa (NYSE:) has completed the Hong Kong Monetary Authority’s central bank digital currency (CBDC) Pilot Programme with HSBC and Bank.
According to the November 1 announcement, the e-HKD Programme involves tokenization of deposits, where the money deposited with a bank is minted on the firm’s own blockchain ledger with the backing of its balance sheet. As part of its key findings, Visa wrote:
Continue Reading on Cointelegraph
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Payment processor Visa (NYSE:) has completed the Hong Kong Monetary Authority’s central bank digital currency (CBDC) Pilot Programme with HSBC and Bank.
According to the November 1 announcement, the e-HKD Programme involves tokenization of deposits, where the money deposited with a bank is minted on the firm’s own blockchain ledger with the backing of its balance sheet. As part of its key findings, Visa wrote:
Continue Reading on Cointelegraph
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