What's the difference between digital RMB and WeChat Alipay?

First of all, Alipay and WeChat are strictly wallets, and digital RMB is money. Digital RMB replaces paper money, not mobile payment tools.

Secondly, mobile payment tools are charged, while digital RMB is free.

Then, at present, digital RMB is not so convenient, but it is hard currency and can be paid across borders. In the future, import and export trade can require other countries to use it for settlement, and it is not necessary to pay in US dollars.

Finally, although the payment function is similar, there are some differences between digital RMB and electronic payment tools:

First, the digital RMB is the national legal tender and the asset with the highest security level.

Second, digital RMB has the characteristics of value, which can be transferred without relying on bank accounts, supports offline transactions and has the characteristics of "payment is settlement".

Third, digital RMB supports controllable anonymity, which is conducive to protecting personal privacy and user information security.

：

Digital RMB, abbreviated as "e-CNY" according to international usage practice, is a legal tender in digital form issued by the People's Bank of China, operated by designated operating institutions and exchanged by 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.

Reference: Digital RMB-Baidu Encyclopedia