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HSBC has introduced RedCoin, a new digital currency, on its PayMe app for easy payments.

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Good for HSBC

HSBC launched RedCoin on PayMe, letting users send money and pay at more than 100,000 merchants. Planned additions could widen its use, but those features are not live yet.

HSBC · HSBC

AI read · Good for HSBC

The AI's read

This adds a payment option to an existing app and puts HSBC’s token within reach of many merchants. That could make PayMe more useful to customers. HSBC also plans to add the token to its main banking app and let customers use it for investment products. Those additions are not live yet, so the current PayMe launch is the clearest support for a positive reading.

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