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HSBC Completes HKMA e-HKD+ Experiment Testing, Focuses on Practical Issues in Digital Currency Ecosystem

Summary: HSBC has recently completed the experiment testing of the Hong Kong Monetary Authority's e-HKD+ project, focusing on how to address practical issues that may arise in designing, implementing, and operating a digital currency ecosystem. As Hong Kong continues to explore the full potential of digital currencies, HSBC has not only conducted a survey on public ...

HSBC has recently completed the experiment testing of the Hong Kong Monetary Authority's e-HKD+ project, focusing on how to address practical issues that may arise in designing, implementing, and operating a digital currency ecosystem. As Hong Kong continues to explore the full potential of digital currencies, HSBC has not only conducted a survey on public awareness of e-HKD, but also brought new technical and business insights to potential design solutions for e-HKD. HSBC has experimented on a range of public distributed ledger technology (DLT) environments (including Arbitrum, Ethereum, Linea, and Polygon) as well as private DLT developed on Hyperledger Besu. These findings will support the Hong Kong Monetary Authority and the industry in exploring how innovative digital currencies can create value for the Hong Kong public.

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