What is digital RMB how to use

On spending habits in recent years, it is estimated that young people under the age of 60 are not in the habit of using RMB for cash purchases. Alipay and WeChat have become the payment method for the vast majority of people under 60, and not many people are used to wandering around the streets wearing a thick wallet. Cell phones can replace almost everything for entertainment and consumption. Also, has anyone noticed a change in the appearance of the fifth version of the RMB in 2019? No, I didn't recognize the look of the latest version of the RMB. Now the central bank's digital yuan is back on the market.

Digital yuan? Is it the same as Alipay and WeChat?

It actually functions pretty much the same,

but the reality is different.

The RMB is not a new currency, it belongs to the digital form of legal tender controlled by the central bank, and is actually an electronic version of the RMB, which has the same functional attributes as banknotes and can be regarded as the digital form of banknotes. The currently revealed digital RMB DC/EP test content mainly focuses on retail payment scenarios, covering areas such as life payment, food service, transportation, shopping, and government services. Barcode payment, near-field payment and other payment methods coexist, which can meet current consumer demand for convenient and efficient payment.

The RMB has four functions: code-sweeping payment, remittance, payment, touch, and touch. Sweep code payment is actually similar to WeChat Pay, Alipay and other common payment platforms. In addition, the digital RMB also supports "touch" payments, which allows people to use the digital RMB without an internet connection or bank account. As long as both phones are equipped with a DC/EP digital wallet, the transfer function can be realized through "touch", that is, "double offline payment" between the payee and payee. This function is based on the smartphone's NFC (Near Field Communication) module and UnionPay's tag payment technology. To put it bluntly, the experience of digital RMB payment may be similar to that of mobile payment, but there is one obvious difference: while 3354 mobile payment must be connected to the network when it is used, digital RMB can still be used when it is offline. At the same time, the payee may not refuse to accept the digital RMB.

The digital RMB is much like WeChat Pay and Alipay, but in reality the digital RMB is not in competition with them, nor is it a one-dimensional thing. WeChat and Alipay are financial infrastructures that generally function as wallets. The RMB is a payment tool, not money in a wallet. In the era of electronic payments, the money in the wallet used by WeChat and Alipay comes from a tied bank card, a traditional currency issued by the banking system. In the era of digital yuan, ordinary people can still use WeChat and Alipay to make payments, but the money in the payment tool not only includes bank deposit currency, but also adds the option of digital yuan.

The yuan has simply virtualized our physical cash, turning real money in our hands into virtual currency in the internet. In other words, the digital yuan gives the money in Alipay and WeChat wallets a "look". It is no longer a string of numbers, but a "face", a "skin".

So why implement a digital yuan?

Central bank governor Yi Gang said that, at present, the digital economy is an increasingly important driver of global economic growth. r & amp The research and development and use of legal tender digital currency is conducive to efficiently meet the public's demand for legal tender in the digital economy, to improve the convenience, security and anti-counterfeiting level of retail payments, and to promote the development of China's digital economy.

After the issuance of digital currency central bank,

Cash is still useful?

According to a study by the Bank for International Settlements, none of the central bank digital currency models currently designed by various countries aim to completely replace cash, but rather hope to become a supplement to cash. Mu Changchun, director of the People's Bank of China's Digital Currency Research Institute, said the digital currency, or central bank, should replace bills and coins in circulation, not all yuan. Balances in commercial bank accounts actually exist in digital form and do not need to be replaced. Many experts believe that even if the central bank's digital currency is launched, legal tender digital currency will not completely replace cash for a long time, and the two will exist for a long time ****.

In summary, in fact, the digital RMB is also a way of mobile payment, just digitize the RMB cash; it exists in digital form directly in your cell phone account, rather than in the form of a wallet tied to a bank card; the RMB digital payment method can be detached from the network; the RMB will not let the cash perish, but the two will be a long time to **** exist. So older folks don't have to worry about using mobile payments or the digital RMB confusing their perceptions. If they really don't get it, they can stick to their old cash spending patterns.

Related Q&A: Related Q&A: what does digital RMB mean?

Recently on the hot search, the digital RMB frequently on the list, this new thing, first in Shenzhen to try to experience, a lot of people do not say use, are in the dark.

What does digital RMB mean? Digital RMB is a digital currency issued by the central bank, and our national legal tender, he and the central bank issued banknotes, coins, the same efficacy, is the form of expression is not the same, commonly used banknotes, a paper, a metal, digital currency is displayed on the cell phone APP number, this is the form of the difference between it and the bitcoin, scales of the coin, etc., compared with the all the coins, with the essence of the difference, the digital currency is the state credit, the digital currency is a digital currency, the digital currency is a digital currency. Digital RMB has national credit, other coins do not, the equivalent value of the RMB and the equivalent value of the digital RMB, if the payment, which payment is the same, the use of the same and our RMB is the same, when you spend it does not need a bank card, it just need to have a smart phone can be used, in the case of no traffic, you can use the same, and we use RMB is the same, and in any scenario can be used, it is the same as WeChat, pay, pay, pay, pay, pay, pay, pay, pay, pay, pay, pay, pay, pay, pay, pay, pay, pay, pay, pay, pay, pay. You can use it, is there a difference between it and WeChat, Alipay?

WeChat and Alipay are third-party trading platforms that pay merchants the money they need to pay for their bank cards, and WeChat and Alipay themselves don't have the money. Must be connected to the network to use.

And digital RMB, as long as we download a wallet can be used, in any case, as long as the phone has electricity can be used, more convenient and fast.

Using it is similar to both, used to using Alipay and WeChat will continue to use, want to be more trendy, use the digital RMB is also OK, for the merchants to collect the money do not have to pay the fee, to be able to save costs is a good thing, the future of the offline banknotes and the digital RMB equal existence is the general trend, slowly everyone will be accustomed to it.

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@Wukong Q&A @Headline Hot List