Increased collaboration between Hong Kong And Mainland China could potentially lead to further progress in the cryptocurrency sector, according to industry experts who attended the 11th Global Blockchain Summit in Shanghai THURSDAY.
Calls for Hong Kong and the mainland to collaborate on cryptocurrency initiatives reflect the expected benefits of both markets. The city already serves as a major international financial center, while many developers from the continent are involved in digital payments And artificial intelligence.
“Hong Kong is focusing on areas such as virtual asset trading and financing,” said Rachel Lee, director of blockchain and digital assets to Cyberporta program supported by the Hong Kong government technology hub and to start up incubator. Cyberport looks forward to working more closely with the continent to promote the development of cryptocurrencies and the Web3 industry, she said.
Regarding developer initiatives on the continent, Solana Foundation President Lily Liu said the organization has invested heavily to support China’s developer ecosystem over the past two years. She hopes to deepen collaboration in areas such as decentralized payments and AI.
Based in Switzerland, the non-profit organization focuses on the growth and security of Solana blockchain ecosystem.
Liu said Solana liked Chinese-speaking regions because of their massive payments industry. “China, in particular, is a leader in this area, with a population of over 1 billion,” she added.
