The country has released the digital RMB! It is very different from Alipay and WeChat Pay! I have learned a lot after reading this.

The country has released the digital RMB! It is very different from Alipay and WeChat Pay! I have learned a lot after reading this

Shenzhen has distributed money, 10 million yuan was equally divided among 50,000 citizens, 200 yuan per person on average. However, this 200 yuan is not a real banknote, nor is it a transfer from WeChat or Alipay, but a digital RMB issued directly by UnionPay in the corresponding APP. This term sounds very intuitive and cool. Many people may be curious about what the digital people are and what functions they have? Today, I will take you to learn about it.

From the literal meaning, we know that the digital RMB is actually a digital version of the RMB made for people's convenience. This number is the same as your bank deposit. The digital RMB itself is a legal tender directly determined by the state at the legal level with the same validity as our paper currency. In the final analysis, digital currency is money, and mobile payment is just a payment method.

In the face of the mature and stable mobile payment field, why is UnionPay only now carrying out related work? In fact, as a national institution, the significance of promoting a digital currency is different from general mobile payment. In principle, whether we use Alipay or WeChat, we are actually taking advantage of their convenient functions. As the payment party, we spend our own money, but this money may be in the account of a third institution or in a bank. The digital RMB is different. Every penny you spend using the APP is money in your bank account, without middlemen.

Why do we use the word middleman? I believe that many people have experienced the operation of charging fees for cash withdrawals. But I don’t know if you know that in fact, in many cases, there are no fees for transfers between banks. This is also a great advantage of the digital RMB. Because it is the same as the RMB in legal terms, it is absolutely not allowed to charge fees for exchanging and recovering digital currencies.

In fact, when the reception signal is not satisfactory, payment methods such as WeChat will have the situation that the money is deducted on one side but not received on the other side. However, judging from the current usage, it seems that the digital RMB system is faster, and even in the case of the same jam, the funds are deposited instantly.

However, if you want to use it, you need to download an additional mobile APP. You can clearly see the corresponding functions by logging in with your personal information. Like general mobile payments, this APP provides two-way transaction services for receiving and paying. However, during the transaction, the cool RMB transfer operation can still remind people that "you are spending money and you are receiving money." Moreover, the colors of RMB in different banks are actually different. Many subtle designs are actually very humanized.

The implementation of such a currency system is actually a way for the country to adapt to the existing trading system. It directly raises the digitalization of the RMB to the legal level on the premise of convenience for the people and ensuring security. However, in order to achieve nationwide strength, more pilot work and basic hardware configuration may be needed.

After reading this, do you understand what digital currency and mobile payment are? What are your thoughts on this?