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digital currencySouth China Morning Post
•89% Informative
Hong Kong Monetary Authority is pushing ahead with the next phase of its experiment with retail e-HKD.
One of the potential uses could be for pricing and disbursing mortgages, with consumers and banks benefiting equally from the digital currency's adoption.
The size of assets potentially available for tokenisation is about HK$36 trillion ( US$4.6 trillion ), comprising mostly residential property.
e-HKD may not pay interest while tokenised deposits in the bank pay interest.
Financial institutions are likely to be the biggest users of tokenised payments, which allow them to offer the same services at dramatically lower costs.
This will also open up opportunities for completely new products and services, says Brewin .
VR Score
93
Informative language
95
Neutral language
47
Article tone
formal
Language
English
Language complexity
59
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
medium-lived
External references
9
Source diversity
4
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