Standard Chartered Bank completes e-HKD offline CBDC trial
Standard Chartered Bank (Hong Kong) has completed offline payment trials of the Hong Kong Monetary Authority's digital currency (CBDC). The experiment aimed to test the inclusiveness, security, and reliability of payments, especially for areas without stable internet connections. The pilot covers multiple areas, including public transportation, merchants on the campus of the University of Hong Kong, restaurants, and flea markets in offices. This enables Standard Chartered Bank to evaluate the effectiveness of offline electronic Hong Kong dollar payments in small, high-volume transaction environments.
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