3.3 Million Users Gain HSBC RedCoin, but 1 Strict Rule Blocks Access
Key Highlights: HSBC has introduced RedCoin, a proprietary Hong Kong dollar-pegged stablecoin, natively integrated into its PayMe digital wallet. RedCoin runs on HSBC’s internal distributed ledger network, is fully backed 1:1 by segregated liquid assets, and can be used directly at any merchant accepting PayMe. HSBC HK Mobile Banking App integration is planned for later ...