21 Mar '16, 8pm

Hong Kong Needs to Keep up with Bitcoin Technology

It was Hong Kong where the renowned coffeehouse chain Starbucks took an initiative to embrace disruptive fintech technologies like bitcoin. However, the reality took a different course when it was found that the Starbucks’ staff was refusing to accept digital currency payments. This reported case though seems minuscule, but revealed how the China’s special administrative region was lagging behind the world in terms of FinTech adoption. The Hong Kong Applied Science and Technology Research Institute (ASTRI) today went a step further to confirm this scenario. According to ASTRI, many financial institutions in the region still don’t understand Bitcoin’s underlying technology. The organization highlighted its participation by exemplifying the blockchain-based applications it is creating for mobile phone and Near Field Communications (NFC) based enterprise level solutions. Bloc...

Full article: http://thebitcoinpro.com/hong-kong-needs-to-keep-up-with-...

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