๐ Hong Kong Monetary Authority (HKMA) is working on two CBDC-related projects, MBridge and e-HKD, set to launch by mid-2024! ๐ฅ
๐ MBridge, a cross-border CBDC initiative, involves central banks of Hong Kong, China, Thailand, and UAE, with participation from Tencent and other major companies.
๐ e-HKD explores use cases like programmable payments, tokenized deposits, and assets. Trials are underway with 16 major businesses, including HSBC, Standard Chartered, and Fubon Bank.
๐ Share your thoughts on these CBDC projects in the comments! Are we headed towards a digital currency revolution? ๐
๐ MBridge, a cross-border CBDC initiative, involves central banks of Hong Kong, China, Thailand, and UAE, with participation from Tencent and other major companies.
๐ e-HKD explores use cases like programmable payments, tokenized deposits, and assets. Trials are underway with 16 major businesses, including HSBC, Standard Chartered, and Fubon Bank.
๐ Share your thoughts on these CBDC projects in the comments! Are we headed towards a digital currency revolution? ๐