The post Ripple Joins Hong Kong’s e-HKD Pilot Program appeared first on Coinpedia Fintech News
Ripple Labs’ groundbreaking technology has recorded a huge adoption of its CBDC private platform that is built on the XRP Ledger technology. The company is already working with several central banks around the world to mint, manage, transact, and burn Central Bank Digital Currency (CBDCs) in a fully secured blockchain. Additionally, the company is actively involved in the research of CBDC development, for instance in Europe and Asia.
Hong Kong Believes in Ripple
The Hong Kong Monetary Authority (HKMA) announced the commencement of the e-HKD Pilot Programme with the help of 16 firms. Among the named firms to help in the e-HKD Pilot Programme includes Ripple Labs which was selected together with Fubon Bank (Hong Kong) Limited among others to help in the settlement of tokenized assets.
Notably, the first round of the e-HKD Pilot Programme is expected to take place in 2023 and tap on six pos
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