Hong Kong University Explores Accepting Bitcoin For Fees Payment

The Hong Kong University of Science and Technology announced Friday its intention to build the world’s first physical digital twin school buildings in the virtual realm, as HKUST joins the bandwagon of the next digital wave to improve learning experiences at its two campuses in Hong Kong and the Chinese city of Guangzhou. The metaverse […]

Hong Kong's de facto central bank is developing a prototype digital currency. The disclosure came in a Hong Kong legislative document published by the Legislative Council Panel on Financial Affair this week and dated 18th April. According to the note, the Hong Kong Monetary Authority (HKMA), which acts as the region's central bank and finance regulator, is working with Hong Kong Interbank Clearing Limited (a clearinghouse in which it has an ownership stake), several undisclosed banks and distributed ledger startup R3 on the initiative. The document explained: "The first phase of the....

Starbucks branches in Hong Kong are now accepting bitcoin payments and are offering 20% off discount for the purchase using the Fold app. This app is a U. S. startup that is affiliated with the Bitcoin Association of Hong Kong. To avail of this, a customer has to visit https://coffee.foldapp.com/ and receive his personal Starbucks code. This will initially show a balance of $0 until it is loaded with bitcoin through the app. It may indicate that the app is untested outside of the U. S. but it is already currently working in Hong Kong. Bitcoin Payments for Coffee. Bitcoin payments loading....

Bitcoin adoption can only occur once there are enough use cases for everyday consumers to consider it a valid payment method. While people can buy a lot of different goods and services with Bitcoin, it’s not suited for everyday consumers just yet. However, now that Starbucks branches in Hong Kong are accepting Bitcoin, that situation might change sooner rather than later. Starbucks Hong Kong and the Fold Application. One of the most popular brands in the world is Starbucks. Regardless of whether you like or dislike coffee, most of us have visited a Starbucks shop on more than one occasion.....

Hong Kong is one of the most important financial centres of the world, but with limited space and high demand, property in Hong Kong has always been in short supply. Simplifying home ownership in Hong Kong is therefore a prime concern for the Hong Kong government, which has undertaken a number of measures in the last few years to make home ownership both affordable and easy. The Nikkei Asian Review reported that as recently as early November, the Hong Kong government raised stamp duty to cool down the boiling Hong Kong housing market. This measure of the government was mainly aimed at....