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Circle and HKT Sign MOU to Explore Developing Blockchain Loyalty Programs in Hong Kong

Digital payments firm Circle has partnered with Hong Kong mobile network service provider HKT to develop blockchain-driven loyalty programs for Hong Kong merchants. The collaboration aims to modernize reward systems and make them more efficient and appealing to tech-savvy customers. By leveraging the USD Coin (USDC) stablecoin, the blockchain-based loyalty programs will offer secure, transparent, and accessible digital rewards, promoting financial inclusion. The partnership may expand to integrate loyalty programs with other digital services offered by HKT, such as mobile payments and e-commerce platforms. Circle and HKT will work closely with regulatory bodies to ensure compliance with local and international regulations.

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