Online digital will become the main currency of Macau
A recent new plan by the Chinese government has a very positive impact on Macau's gaming industry, which is to promote the official digital renminbi as the main currency of Macau before 2024.
A recent new plan by the Chinese government has a very positive impact on Macau's gaming industry, which is to promote the official digital RMBas the main currency of Macau before 2024. The well-known brokerage firm Sanford C Bernstein published a survey report on January 22. The report pointed out that the new Macau currency that the Chinese government wants to promote, the digital RMB, is likely to replace the current Macau pataca, and even subvert the entire payment system, becoming the mainstay of Macau. currency.
Although many parties believe that the Chinese government will implement very strict controls on Macau's implementation of the digital RMB policy. However, once the digital renminbi really becomes Macau’s legal tender, it will be unprecedentedly good news for Macau’s gaming market. This will make it easier for mainland gamblers to bring funds into Macau for gambling activities.