HSBC: To Simulate Digital Hong Kong Dollar Payment Ecosystem Utilizing Hong Kong University of Science and Technology Campus Environment

News Content: According to Foresight News, as reported by the Hong Kong Economic Journal, Bojan Obradovic, HSBC’s Director of Digitalization for Hong Kong, revealed that HSBC plans to leverage the research findings and campus environment of the Hong Kong University of Science and Technology to simulate a digital Hong Kong dollar payment ecosystem and validate multiple theoretical assumptions. In addition, HSBC will invite over a hundred participants for real-time transactions to verify the potential social and economic benefits of digital Hong Kong dollars, including reducing fraud, improving reward mechanisms, and enhancing the efficiency of payment tracks.