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Visa and two local Hong Kong banks, HSBC and Hang Seng, complete digital Hong Kong dollar pilot project

On November 1st, VISA officially announced the pilot test results of tokenized deposits using central bank digital currency in collaboration with HSBC and Hang Seng Bank. The test focused on simulating two use cases in the interbank enterprise-to-enterprise (B2B) payment process, including property payments and settlements between payment institutions and merchants.

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