Advantages of central bank issuing digital currency

Currently, the central bank’s digital renminbi is being piloted and has been used in some areas. From this, we can foresee that in the near future, digital renminbi will be fully issued in our country. But what are the advantages of digital RMB?

1. When the network signal is poor, the payment functions of online banking and payment platforms are often paralyzed. However, even if the central bank’s digital currency does not have a network, as long as two people equipped with DC/EP digital wallets can Just touch your phone to transfer money or pay.

2. Digital currency does not need to be bound to any bank account and is free from the control of the traditional bank account system.

3. Paper currency may be lost or stolen, but digital RMB is completely electronic. Even if the mobile phone is lost, the digital RMB will not be lost, and the security index is extremely high.

3. Digital RMB can meet the normal anonymity needs of consumers. For example, in terms of small-amount payments, digital RMB is like cash, and the other party cannot track your consumption.

4. The birth of digital currency can allow us to reduce the damage to nature; it can also allow countries to effectively check the source of funds, which is very helpful in combating money laundering.

In short, digital RMB has the advantages of convenience, speed, security and ease of management. It can also meet our needs for privacy protection and will not pose a threat to third-party payment systems.