A sandbox for digital currencies has been made available to central and commercial banks by the Universal Digital Payments Network (UDPN).
To assist in the growth of the tokenization market in Hong Kong, the Hong Kong Monetary Authority (HKMA) has launched a new wholesale central bank digital currency (wCBDC) project called "Project Ensemble."
Fintech is arguably best exemplified by payments. It's common to associate financial technology with solutions that facilitate quicker, simpler, and more convenient payment processing.
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