Visa, a global leader in payments technology, has marked a significant milestone by completing a pilot test in collaboration with HSBC and Hang Seng Bank. The program, a part of the “Digital Hong Kong Dollar” pilot organized by the Hong Kong Monetary Authority (HKMA), opens new horizons for secure and efficient financial transactions. The Digital Hong Kong Dollar pilot program explored two crucial use cases, unveiling the vast potential of tokenized deposits. Visa’s initiative, in collaboration with HSBC and Hang Seng Bank in Hong Kong, is the first in the world to test the atomicity and interoperability of such transactions, setting a new standard for the industry.
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