New digital currency scenarios have been added to cover a wider area, and the pilot capacity has been expanded again. What is the significance of promoting digital currency?

The biggest significance of promoting digital currency is to bring more convenience to people, and it will also be easier for the country to manage currency, which can largely eliminate the circulation of counterfeit currency. It is more efficient when we go to the bank to withdraw money, and it is more convenient for everyone to carry money. In addition, it also has the function of preventing corruption. Each digital RMB will have a circulation number. Whether there is corruption can be known at a glance, and the source of the currency can also be controlled easily.

1. Where are the places where the digital renminbi will be expanded again?

Counting RMB has been put into operation in some cities before, and now 6 more test points have been added. They are Shanghai, Changsha, Qingdao, Dalian, and Hainan. Digital RMB can be used for catering, transportation, shopping, and daily payment in these places, but the amount involved for each person will not be very high.

2. How to use digital RMB?

Currently, some users are allowed to experience digital RMB by invitation. The invitee will receive a text message from the bank. The inviter needs to download the digital RMB APP, and then there will be a wallet-like function on the phone. New users can also get a small amount of red envelopes. If they want to pay with digital renminbi later, they need to add money into it. To add money, they need to go to the bank, hand the paper renminbi to the bank, and then exchange it for digital renminbi at a 1:1 ratio. When paying, the merchant will have a QR code specially scanned by digital renminbi to collect payment. This step is somewhat the same as WeChat payment.

3. What is the difference between digital RMB and other payment methods?

The money deposited into digital RMB is real money. Each RMB in it has its own circulation number, which is not just the amount of money. Other payment methods, such as UnionPay payment, WeChat payment, and Alipay payment, only transfer the amount to other people's mobile phones, but do not reflect the circulation of RMB circulation numbers. The money stored in the digital RMB APP is equivalent to the money in your pocket. As long as it is not spent, the money in it will not be more or less. The money deposited in the bank's Alipay WeChat account still has some interest every day.