According to ChainCatcher, Chen Shouxin, Chairman of the Monetary Authority of Macao, revealed that the initial concept is to launch soft and hard wallets of "digital pataca". Among them, the "hard wallet" can be in the form of a "card" and even combined with smart devices to facilitate the use of the elderly and children; the "soft wallet" is launched as a mobile application. Chen Shouxin said that the "digital pataca" is equivalent to the legal status of cash, and the "digital pataca" can be used for payment in cash scenarios, while the "digital pataca" at the wholesale level is mainly used by regulated financial institutions, involving application scenarios of transfer and financial transaction settlement.