China's Macao Special Administrative Region (SAR) on Thursday held a ceremony to celebrate the completion of its e-MOP prototype digital currency and the publication of a white paper on the new digital currency. The e-MOP digital currency, supported by the People's Bank of China (PBOC), lays the necessary foundation for the future development of the digital Macao pataca.
As legal tender in Macao, e-MOP will have the same legal status and value as paper money and coins. It will also be interoperable with existing electronic payment systems in Macao, enabling connectivity between e-MOP wallets, bank accounts and other digital wallets. This will create a more efficient and cost-effective transaction environment.
The white paper released on Thursday presents a clear blueprint for the future development of e-MOP.
Macao celebrates completion of prototype digital currency
China Media Group (CMG) released a music video on Thursday to celebrate the 25th anniversary of the return of Macao, which had been under centuries of Portuguese rule, to its motherland China.
Titled "Blossoming into the Future," the music video starts with images of Macao children painting pictures to celebrate the anniversary.
The video features various locations in Macao, including the Hou Kong Middle School, the Seac Pai Van public housing estate, the General Union of Neighborhood Associations of Macao, Macao University of Science and Technology, and the campus of the University of Macao in Hengqin.
The video captures vivid slices of life of leading figures from different sectors of Macao, including principal scientist of the "Macao Science 1" satellite project Zhang Keke, martial arts athlete Li Yi who won a gold medal at the Asian Games, and others.
It intertwines rich and vibrant scenes depicting Macao's historic districts, traditional dragon and lion dances, and Portuguese folk dancing, depicting Macao's rapid economic and cultural development, harmonious coexistence of tradition and modernity, and continuous improvement of the well-being of local people.
The song "Blossoming into the Future" was composed by renowned musicians Keith Chan Siu-kei and Alan Cheung Ka-shing from Hong Kong.
With a brisk melody and catchy lyrics, the song expresses the confidence and expectations of Macao residents for a better future in the new era.
China Media Group releases music video to mark 25th anniversary of Macao's return to motherland
