What does digital RMB mean?

Digital RMB is the legal digital currency of China People's Bank, namely "digital currency Electronic Payment" (DC/EP). Based on the generalized account system, it supports the loose coupling function of bank accounts, which is equivalent to paper money and coins. It has controllable anonymous payment tools, value characteristics and compensation.

Digital RMB is the legal digital currency that the People's Bank of China has not yet issued, namely "digital currency Electronic Payment". Digital RMB, issued by the People's Bank of China, is the legal tender with the ability of national credit endorsement and legal compensation. Compared with virtual currencies such as Bitcoin, digital RMB is legal tender, equivalent to legal tender, and has the highest effectiveness and security. Bitcoin is a virtual asset, has no value base, does not enjoy any credit guarantee, and cannot guarantee the stability of its value. This is the most fundamental difference between digital currency, the central bank and bitcoin.

Digital RMB adopts a two-tier operation system. That is, the People's Bank of China does not directly issue and exchange the central bank's digital currency to the public, but first exchanges the digital RMB to designated operating institutions, such as commercial banks or other commercial institutions, and then these institutions exchange it to the public. Operating institutions need to pay 100% reserve to the People's Bank of China, which is the conversion process of 1: 1 This two-tier operating system is basically the same as issuing paper money, so it will not have a big impact on the existing financial system, nor will it have a big impact on the real economy or financial stability.

DC/EP delivery adopts a two-tier operation mode, which does not compete with the traditional operation mode of commercial banks, and at the same time, it can give full play to the enthusiasm of commercial banks and other institutions in technological innovation: digital currency delivery system ensures that DC/EP is not oversubscribed, and only when the currency generation request meets the verification rules will it send the corresponding quota voucher.

Second, Zhitian Finance issued digital currency in 2022?

Not yet. At present, the pilot test of digital RMB is only a routine work in the research and development process, which does not mean that digital RMB is officially launched, and there is no timetable for its official launch.

At present, the research and development of digital RMB follows the principles of stability, security, controllability, innovation and practicality, and internal closed pilot tests are conducted in Shenzhen, Suzhou, Xiong 'an, Chengdu and future Winter Olympics scenarios to test theoretical reliability, system stability, functional usability, process convenience, scenario applicability and risk controllability.

3. Is the landing of digital coins on the 25th of this month related to Zhitian?

The digital coin landing on the 25th of this month has nothing to do with Zhitian. According to relevant data, the digital currency landing conference in June, 5438+February, 65438+May, 2022 was fake, and the Zhitian conference on February 20 and 22, 65438 was also fake, which had nothing to do with it. The exact time for the digital RMB to fully land is 80 days. Bank of China will officially launch digital currency in the next few months, and it will land within 80 days at the earliest.

4. Is it true that digital currency will fully land on March 15, 2022?

I can't.

Digital currency's research and development, the central bank has achieved initial results, but it does not mean that it has been officially issued, nor has it announced the specific issuance of digital currency.

According to a recent report by MercyCorpsVentures, an influential investment department of Mercy, a global development organization, the cost of traditional payment processors may be as high as 65,438+065,438+065,438+0%, while the cost of using a stable currency solution is as low as 2.02%.