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Mastercard, Tai Seng banks, and Thai Kasikornbank participate in the second phase of the Digital RMB pilot program.
Mastercard (MA. US) announced a collaboration with China Star Bank and Thai Kiatnakin Bank to participate in the Hong Kong Monetary Authority's 'Digital Hong Kong Dollar' pilot program phase two. The three parties will jointly explore the possibility of using various forms of digital currencies, including Digital Hong Kong Dollar and other tokenized bank deposits, to provide supply chain financing under the support of Mastercard's Multi-Token Network. The phase two of the pilot program will be introduced in March 2024, delving deeper into the partial experiments of phase one to examine the commercial feasibility of digital currencies in the real world.
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