DBS Hong Kong completes the "Digital Hong Kong Dollar+" project test based on the intended currency technology

BlockBeats News, on September 16, according to the Hong Kong Business Daily, DBS Hong Kong announced that it has completed the second phase of the HKMA's digital Hong Kong Dollar Pilot Program, exploring how to improve the application of digital coupons. The pilot project is supported by DBS Bank token service, integrating tokenization and smart contract technology with the bank's bank transaction services. Using Purpose-Bound Money (PBM) technology, it tests to add specific consumption conditions to digital currencies such as digital Hong Kong dollars. Related applications can be expanded to other reward plans, financial management, supply chain payments and improved payment process management.