PANews reported on October 10 that according to the Macau Citizen Daily, the Macau Monetary Authority stated that the "Digital Pataca" has built a prototype system and is expected to complete the first phase of research and development by the end of this year. Analysts pointed out that the connection between the digital Pataca platform and the mainland platform has become inevitable, and individuals can decide whether to exchange cash or deposits for digital currency (digital RMB or Macau Pataca) according to their needs.PANews reported on October 10 that according to the Macau Citizen Daily, the Macau Monetary Authority stated that the "Digital Pataca" has built a prototype system and is expected to complete the first phase of research and development by the end of this year. Analysts pointed out that the connection between the digital Pataca platform and the mainland platform has become inevitable, and individuals can decide whether to exchange cash or deposits for digital currency (digital RMB or Macau Pataca) according to their needs.
The Macau Monetary Authority plans to complete the research and development of the digital Macau Pataca by the end of the year, and may support individual on-demand exchange.
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PANews reported on October 10 that according to the Macau Citizen Daily, the Macau Monetary Authority stated that the "Digital Pataca" has built a prototype system and is expected to complete the first phase of research and development by the end of this year. Analysts pointed out that the connection between the digital Pataca platform and the mainland platform has become inevitable, and individuals can decide whether to exchange cash or deposits for digital currency (digital RMB or Macau Pataca) according to their needs.
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