What does digital RMB mean?

Digital RMB refers to all users and customers of China People's Bank who use smart phones and other related electronic high-tech products for transfer, collection and consumption for a long time, but do not use RMB for cash transaction, exchange and circulation.

Digital Renminbi: refers to the digital currency specially issued by the People's Bank of China, and refers to the online bank accounts and accounts opened by the People's Bank of China, as well as the network, webpage, website and network area of the People's Bank of China. Do not trade, exchange and exchange cash in traditional currencies.

The People's Bank of China released the digital RMB special area network: the functions, performance, efficiency, safety factor, insurance factor and safety system used by customers and users are more dense, more efficient and more than 100 times higher than Alipay and WeChat widely used in circulation. ...

The People's Bank of China issues digital RMB: In other words, the popular explanation is the means, ways and methods of pure digital network circulation, as well as online transactions, exchanges, exchanges and circulation. Rather than the real version of cash transactions in circulation.

In the internet age, when RMB is replaced by a card, only numbers are seen, but no cash is seen. In the future, the era of digital RMB will come. Without cash, you will only see digital RMB.

With the further progress of society, RMB has also improved, and paper money has virtually evolved into digital RMB. As a currency, it should also be based on reality. Why do you say that? Although online payment is convenient and fast now. But this is not the case. It varies from person to person. Not everyone can use digital RMB, including the elderly and mentally retarded. What will these groups do if the current banknotes are replaced by digital RMB? Beyond the times, we should also combine with each other according to people's needs to facilitate people and serve the elderly and mentally retarded groups. Why not?

Regarding the digital RMB, how the market will operate in the future depends on how the government and banks operate and expect.

With the rapid development of mobile payment, China has become the country with the highest range and usage of mobile payment in the world, and China has also become one of the countries closest to a cashless society. But for financial innovation, it can't be fully realized. In this case, the relevant representatives of the central bank put forward the relevant contents of digital RMB, and pointed out that the era of digital RMB is coming.

Digital RMB is a legal digital currency issued by central banks based on national credit. It is a non-cash currency in the market. It can circulate as easily as cash and can be controlled anonymously. It is different from commercial "virtual currency" and mobile payment.

The difference between virtual currency and virtual currency: virtual currency is produced in the commercial market, which is not supported by national credit like the upcoming digital RMB, and its security and solvency are far lower than that of digital RMB; Digital RMB is legal tender and has legal effect. There will be no high supervision on some "virtual currencies", and prices will fluctuate greatly.

The difference with mobile payment: Digital RMB does not need to rely on the bank card bound by traditional banks like mobile payment. But it can exist independently of traditional banks.

So much about what digital RMB looks like, I hope it will help you.

Digital RMB is a brand-new encrypted electronic currency launched by the People's Bank of China, which is mainly used in high-frequency business scenarios of small retail. It adopts a two-tier operation system, in which the central bank first exchanges digital currency for banks or other operating institutions, and then these institutions exchange it for consumers.

Digital RMB is not a virtual currency, nor an online payment or an electronic wallet, but a legal digital currency issued by the central bank based on national credit.

1, the difference with virtual currency:

1) "Virtual currency" is produced in the commercial market, which is not supported by national credit like the upcoming digital RMB, and its security and solvency are far lower than that of digital RMB;

2) Digital RMB is legal tender and has legal effect. There will be no high supervision on some "virtual currencies", and prices will fluctuate greatly.

2. Difference from mobile payment:

Digital RMB does not need to rely on bank cards bound by traditional banks like mobile payment. But it can exist independently of traditional banks.

So much about what digital RMB looks like, I hope it will help you. Warm reminder, financial management is risky and investment needs to be cautious.

Cash cannot be cancelled. We should take care of the older generation. Alipay and WeChat payment should be retained. Digital RMB can only be traded between banks and entrepreneurs or when there are a large number of coins. Ordinary citizens can't see anything convenient in any way.

Digital currency is a symbolic form, which can be circulated by directly linking with banks and directly recognizing faces. Do I get the general idea? [Smile]

The catastrophe of our old people is coming, and we will only take real money and silver, and what amount of RMB, alas, Ma, take care.

Digital currency is equivalent to cash. Using it in another way can save a lot of manpower and material resources. But it also has a lot of troubles, depending on the degree of people's recognition of it after it is issued. No matter what it has, it has two sides, and it needs to be constantly optimized in the process of use. Digital RMB is the process of any transaction of electronic settlement, which is most suitable for young people, and it is difficult for the elderly to accept the complicated process from operation to transaction. With digital currency, the original settlement method will not be eliminated, although it will be gradually accepted by some people because of its advantages in practice. I think it is better to promote it from enterprises first, because enterprises have a larger settlement volume, and units have greater advantages than banks in this respect. You can use it or not. Alipay and WeChat are half of the digital settlement system, and you can use that when it is convenient in the future. I'm sure the answer is not comprehensive, just a superficial understanding.

Now online shopping is all digital RMB. The work business is WeChat or Alipay transfer. These are all digital RMB. Don't worry about receiving counterfeit money or short money, just look at the numbers.