The Hong Kong Monetary Authority (HKMA) has taken a significant step towards transforming the digital payments landscape by announcing the launch of the e-HKD Pilot Programme. With a focus on revolutionizing financial transactions, this program aims to introduce a range of cutting-edge digital payment services, including full-fledged payments, programmable payments, offline payments, tokenized deposits, settlement of Web3 transactions, and settlement of tokenized assets.
The e-HKD Pilot Programme has attracted the participation of prominent industry players, signaling the commitment of both the public and private sectors to revolutionize digital payments in Hong Kong.
Among the 18 companies selected, Ripple Labs stands out as a key player in the field of cryptocurrency, actively involved in tokenized asset settlement projects. Other participants include Alipay, Visa, Mastercard, and nine leading banks, showcasing a diverse range of expertise and collaboration in driving this
