China Connects Digital Yuan to Hong Kong’s Fast Payment System
China has taken another step forward in its digital yuan pilot – connecting its CBDC platform to Hong Kong’s Fast Payment System (FPS). The move will speed up cross-border digital yuan transactions and boost interoperabi...
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The move will speed up cross-border digital yuan transactions and boost interoperability between the Mainland’s CBDC and international payment networks.
The FPS is the brainchild of the Hong Kong Monetary Authority, the territory’s central bank and chief financial regulator....
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