1. What is digital RMB? The abbreviation of digital RMB is DIGICCY, which is the legal tender issued by the People's Bank of China in digital form. Digital currency is operated and exchanged by designated operating institutions. Based on the generalized account system, it is equivalent to the paper money and coins we use every day, with legal compensation and value characteristics, and also supports controllable anonymity.
In use, the use of digital RMB is not much different from that of paper money. Its advantage is that it does not need to rely on bank accounts and payment accounts. As long as digital currency wallet is installed in the mobile phone, it can be used normally. Moreover, digital currency Wallet has dual offline technology, which means that you can use it normally even if the cell phone has no signal. The use method is also very simple. Just touch the phone and transfer or pay instantly. Of course, there is a premise that all mobile phones have installed digital currency wallet.
2. What's the difference between digital RMB, Alipay and WeChat? Although digital RMB, Alipay and WeChat are all mobile payments on the surface, they are essentially different.
1. From the legal point of view, the effectiveness and security of digital RMB is the best. Alipay and WeChat are essentially only a third-party payment tool and have no legal status in essence. Digital RMB is a substitute for paper money, with the same functions and attributes as paper money. Digital RMB is issued by the central bank and has the same legal compensation as RMB. Simply put, once WeChat and Alipay have problems, your funds may have problems at the same time, and digital RMB will not have such hidden dangers.
2. In terms of use, if the mobile phone has no signal, neither WeChat nor Alipay can be used, but the digital RMB has dual offline function and can be paid without the information of both parties. In other words, as long as the mobile phone has electricity, transactions can be realized wherever you go.
3. Functionally, the currently revealed digital RMB has controllable anonymity, which WeChat and Alipay do not have. Because the latter uses the user's bank account deposit, and digital currency is an alternative way of paper money, and there is no need to bind any bank account.
The above three points are the main differences between the currently known digital RMB and Alipay and WeChat. In addition, the emergence of digital RMB will not threaten the existence of Alipay or WeChat, and digital RMB will not completely replace paper money in a short time. After the official launch of digital RMB, the public can choose to use traditional paper money or digital RMB. Of course, it is also possible to choose both. It is reported that since May, in some parts of Suzhou, a small part of civil servants' salaries have been paid in digital RMB, and most of the rest are still paid in the traditional way. There is no contradiction between them.