Hong Kong's Octopus, a common electronic toll collection system, will participate as a consultant in an accelerator program involving Web3 customer loyalty.

In response to market rumors that Octopus, Hong Kong's common electronic toll collection system, will launch a stablecoin accelerator program, the company clarified that in order to promote the future development of Hong Kong's financial technology, it will support a conceptual accelerator program exploring next-generation Web3 customer loyalty solutions in an advisory capacity. This program is currently conceptual in nature and is not a stablecoin product development project, and does not constitute a formal partnership. (Hong Kong Economic Journal) [Odaily Planet Daily]