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Hong Kong enters the second phase Central Bank Digital currency trials (CBDC) using Chainlink’s
LINK
15.15 USD
A protocol of cross -interoperability (CCIP).
The goal is to test As digital assets can be transferred between different blockchain systems, both public and privateAnd how payments can be resolved using different types of digital currency.
One scenario used in the test includes an Australian investor. The investor wants to buy tokenized products listed on Hong Kong Exchange. They send stablecoin associated with the Australian dollar.
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What is the connection? (USDT simply explained by animations)
Payment passes through several blockchain before it reaches the seller, who receives Hong Congo’s trial digital currency, E-HKD. Purchased assets are then delivered to the buyer’s wallet.
To connect different systems, the test will use CCIP Chainlink, which allows different blockchains to share data together and process transactions. Chainlink stated that CCIP is already working on multiple blockchain including those built for Ethereum
Eth
SALT
158,97 USD
.
For this study, Will be used by the Ethereum Sepolia Test Network.
The trial includes several partners. Visa manages technology. Australia and the New Zealand Banking Group (ANZ) support the transfer of Stablecoin. CHINAMC and FIDEENITY INTERNATIONAL are also involved in the property managers.
Meanwhile, Uber, a drive company, recently announced that he was investigating the use of stabilecoin on his platform. What is the goal? Read the whole story.
After a master’s degree in economics, politics and culture of the East Asia region, Aaron wrote scientific papers by analyzing the differences between Western and collective forms of capitalism in the Era after World War II.
Considering the decade of experience in Fintech industry, Aaron understands all the biggest questions and struggles that cryptocurrency lovers face. He is an avid analyst who deals with the content based on data and facts, as well as the one who speaks to the web3 natives and the newcomer in the industry.
Aaron is a person for everyone and for all related to digital currencies. With a huge passion for Blockchain & Web3 education, Aaron tries to transform the space the way we know it and make it more affordable to complete beginners.
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