What's the use of digital RMB?

Digital RMB is the legal tender in digital form issued by the People's Bank of China. 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 banknotes and coins. It has value characteristics and legal compensation, and supports controllable anonymity. The following are the figures I collected. What's the use of RMB? For reference only. Welcome to reading.

What's the use of opening digital RMB?

1. is more convenient, because digital RMB is the same as the money spent now. You don't need to bring money to be famous to open digital RMB, just bring your mobile phone.

2. More secure, cash may be stolen, and the probability of digital RMB being stolen is very small, because it is protected by multiple passwords.

3. Send money to ordinary people. Digital RMB has popularized subsidies and aid funds, and can be directly sent to the accounts of ordinary people.

4. Low issuance cost and management of RMB cash payment, transaction and anti-currency. The difficulty is getting bigger and bigger and the cost is getting higher and higher. Digital currency can effectively solve this problem.

6. More in line with demand. Digital RMB does not need to be bound to any bank account, thus getting rid of the control of the traditional bank account system.

The popularity of digital RMB is still accelerating. If you want to experience the digital RMB, you can apply to a big bank with your mobile phone and ID card, or you can participate in the local digital RMB red envelope activity, and you can get one or two hundred red envelopes by winning the lottery.

What's the use of RMB?

65438+10.4, this newspaper found that the digital RMB (trial version) App has been put on the shelves of major Android C and Apple AppStore.

The developer of Digital RMB (Pilot Edition) App is digital currency Institute of People's Bank of China, which is the official digital RMB service platform for individual users in China, providing digital RMB personal wallet opening and management, digital RMB exchange and circulation services. Digital R&D in R&D; The D process is still in the routine testing stage, and all white list users in the pilot areas selected by the digital RMB development and operation institutions can register the App. By June 5438+00, 2020, the number of digital RMB will increase to six pilot areas: Shanghai, Hainan, Changsha, Xi, Qingdao and Dalian. Except for pilot areas such as Shenzhen, Suzhou, xiong'an new area, Chengdu and Beijing Winter Olympics, the digital RMB pilot has formed a pattern of "1 1".

The designated RMB business institutions include China Industrial and Commercial Bank, China Agricultural Bank, China Bank, China Construction Bank, Bank of Communications, Postal Savings Bank, China Merchants Bank, Weizhong Bank and Internet Bank.

Renminbi is equivalent to paper money and coins, which has the characteristics of value and legal compensation and supports controllable anonymity. In use, the experience of digital wallet is similar to Alipay and WeChat payment.

According to Mu Changchun, director of the digital currency Research Institute of the Central Bank, WeChat and Alipay are financial infrastructure and wallets, while digital RMB is the content of payment tools and wallets. In the electronic payment scenario, the wallets of WeChat and Alipay are filled with the deposit currencies of commercial banks. After the issuance of digital RMB, people can still use WeChat and Alipay to make payments, but the contents in the wallet increase the digital currency of the central bank.

What's the use of RMB?

In Beijing, Tianjin and Hebei, the Yangtze River Delta, Guangdong-Hong Kong-Macao Greater Bay Area and the central and western conditional pilot areas to carry out the # digital RMB # pilot.

The People's Bank of China formulates policy safeguard measures; First, it will be promoted in Shenzhen, Chengdu, Suzhou, xiong'an new area and other relevant departments where the Winter Olympics will be held in the future, and then it will be promoted to other regions as appropriate.

Comprehensive pilot areas are Beijing, Tianjin, Shanghai, Chongqing (Fuling District and other 2 1 municipal districts), Hainan, Dalian, Xiamen, Qingdao, Shenzhen, Shijiazhuang, Changchun, Harbin, Nanjing, Hangzhou, Hefei, Jinan, Wuhan, Guangzhou, Chengdu, Guiyang, Kunming, Xi 'an, Urumqi, Suzhou, Weihai.

With the rapid development of Internet technology and information technology, mobile payment in China has been at the forefront of the world. However, mobile payment is more a commercial-driven electronic payment method, not a real "RMB", and can not replace legal tender to play the role of value scale or accounting unit.

With the continuous development of digital currency, the central bank, the term "digital RMB" has gradually replaced the previously published "DC/EP" and is well known to the public. Wang Yongli, former vice president of Bank of China, also issued a document saying that this change is to avoid the mistaken idea that the central bank will introduce digital currency and a new monetary system other than RMB.

Specifically, commercial banks pay 100% reserve to the central bank. At the time of issuance, the central bank will issue digital RMB to the bank library of commercial banks, and at the same time deduct the equivalent reserve of commercial banks, and then the commercial banks will exchange digital RMB for the public. The dual system, that is, the existing currency issuance system, ensures the central bank's currency issuance right, and can give full play to the resource advantages of commercial banks and the decisive role of the market in resource allocation, and then build a currency circulation system in which the central bank's currency and the commercial bank's deposit currency are coordinated.