Hong Kong Financial Secretary: Continue to promote the "Digital Hong Kong Dollar" and projects using "Digital Renminbi" for cross-border payment purposes

ChainCatcher news, the Financial Secretary of the Hong Kong Special Administrative Region, Paul Chan, stated in his speech on the 2023-2024 budget proposal: "We will continue to promote the application testing and preparation work of various fintech infrastructure projects, including the 'Digital Hong Kong Dollar' and projects using 'Digital Renminbi' for cross-border payment purposes. In addition, the Monetary Authority is collaborating with the Bank of Thailand to explore allowing travelers from both places to make local payments using Hong Kong's 'Faster Payment System' and Thailand's 'PromptPay', providing travelers with an additional safe, fast, and effective payment option." (source link)