How to get digital RMB?

First, it can be obtained through a lottery. Digital RMB red envelopes are available in many cities. You can participate in the lucky draw in time, and the winners can get the corresponding red envelopes.

Second, you can apply directly to the relevant bank outlets. Residents can apply for opening digital RMB wallets at outlets. The bank staff will show the QR code. After scanning the code, the staff will guide the customer to apply. Generally, it can be opened in T+2 days at the latest. Some banks can be opened on the spot.

Third, you can apply at the site of digital RMB related pilot activities. Major banks are stepping up their sales promotion. Consumers will be invited to experience the digital RMB at the event site, and access will be opened as soon as possible.

The fourth is to try to apply it in the mobile banking channel. Banks such as Bank of China actively send invitations to many target customers. Customers who receive SMS only need to log in to mobile banking and click the "Digital RMB" icon to apply for opening.

Fifth, through bank ATM exchange, many banks' ATMs have introduced the function of digital RMB exchange, which can exchange the cash in their hands into digital RMB.

Renminbi is the legal tender in digital form issued by the People's Bank of China. According to international practice, its abbreviation is tentatively "e-CNY". It is operated by a designated operating organization and exchanged with the public. Based on the generalized account system, it supports the loose coupling function of bank accounts, which is equivalent to paper money and coins, has value characteristics and legal compensation, and supports controllable anonymity.

The concept of digital RMB has two key points. One is that digital RMB is legal tender in digital form; Another point is that it is equivalent to paper money and coins. Digital RMB is mainly located in M0, that is, cash and coins in circulation. Mainly positioned as cash payment voucher (M0), which will coexist with physical RMB for a long time, and is mainly used to meet the public's demand for digital cash and help inclusive finance.

R&D test has basically completed the top-level design, functional research and development, system debugging and other work, and is following the principles of stability, safety, controllability, innovation and practicality, and selecting some representative areas to carry out pilot tests.

Functional characteristics

Legal Tender

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, which has no value basis, does not enjoy any sovereign credit guarantee, and cannot guarantee the stability of its value. This is the most fundamental difference between digital currency, the central bank and bitcoin.

Two-tier management system

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.