The Hong Kong Monetary Authority (HKMA) has reported that the first phase of the digital Hong Kong dollar (DHKD) pilot project, which involved 16 institutions, has demonstrated the potential to enhance the existing payment ecosystem. While DHKD was found to be faster and more cost-effective, a decision on its official launch and widespread application has not been determined yet. The HKMA plans to conduct further research to refine DHKD-related projects. 💵💻 #HongKongDigitalDollar #DigitalCurrency