Can you buy without internet or electricity? There are many advantages to digital RMB!

With the rapid development of the economy and society, our payment methods have undergone tremendous changes. From cash payment, card swiping payment, to mobile payment, taking out a mobile phone to scan the QR code for payment, it has become a very familiar shopping "fixed action" for many people.

If there is a way to make payments that are not limited by the network quality and power of mobile devices, then it is none other than digital RMB.

Digital Renminbi (e-CNY) is a legal tender issued by the People's Bank of China in digital form, operated by designated operating institutions and exchanged with the public. It is based on a broad account system and supports loose coupling of bank accounts. It is equivalent to banknotes and coins, has value characteristics and legal compensation, and supports controllable anonymity.

Digital RMB has the advantages of both physical RMB and electronic payment tools. Its essence is cash, there is no handling fee for cash receipt and payment, and real-time receipt can be achieved. It can complete payment and collection even without network signal, with a wider range of scenario applications.

In terms of privacy, digital RMB follows the principle of "small amount anonymity and large amount legal traceability". We can name the wallet with a nickname. In daily payment use, both parties cannot see the other party's personal information, which is equivalent to using a "network name" for transactions.

In addition, the digital RMB is based on a broad account system and supports loose coupling of bank accounts, which means that even without a bank account, digital wallets can be opened using mobile phone numbers and other means. In this way, some people who are unable or inconvenient to hold bank accounts can also enjoy financial services such as payment through digital wallets.

Editor: Wu Jiahong

Source: Guangming Network