A few days ago, I released several episodes about digital RMB, and many friends left messages for me, wanting to know what digital RMB really is? What is the difference between it and common mobile payments? Most importantly, what can it bring to us ordinary people? Today, we will take a few minutes to explain everything to everyone at once:

First, let's talk about the basic concept of digital currency. The following paragraph is a more official concept, and the original text is: Digital RMB is a digital form of legal tender issued by the People's Bank of China, operated by designated operating institutions and exchanged to the public. It is based on a broad account system, supports bank account loose coupling functions, is equivalent to paper money and coins, has value characteristics and legal tender status, supports controllable anonymity, and is mainly positioned in cash in circulation (M0).

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In simple terms, digital RMB is the digital form of our country's legal currency.

So, what is the difference between digital RMB and common electronic payment tools?

I believe there are three differences:

First, the legal status. In simple terms, if you go shopping and the merchant does not support WeChat or Alipay, there is no problem at all. However, if it does not support digital RMB, that is absolutely unacceptable.

Second, it has value characteristics. Digital RMB can transfer or pay without relying on a bank account. In simple terms, the cash in our wallets has become digital currency.

Third, it supports controllable anonymity, which means that after you make a payment, the other party does not know your account name, etc. This point is significantly different from current mobile payments.So, what can the introduction of the digital yuan bring to us ordinary people?

I believe there are several aspects:

Firstly, it is safer. The digital yuan integrates the most advanced technologies of the moment, achieving characteristics such as non-repeatable spending, non-illegal copying and forgery, and unalterable transactions. In simple terms, the digital yuan is several levels safer compared to traditional paper money and the currently popular mobile payments.

Secondly, it is more convenient. The payment and transfer of the digital yuan can be realized without the support of the network, which is a very practical feature. It effectively solves the embarrassing dilemma we face when we go out to play and there is no network or poor signal locally.

In summary, as a new thing, the emergence of the digital yuan will definitely bring new changes to our lives. In the future, as the pilot areas continue to expand, more and more ordinary people will have the opportunity to personally experience its various functions. What other new and surprising functions will there be? We will talk about it later.

So, what other aspects of the digital yuan do you want to know about?

Everyone is welcome to leave a message and comment, and let's discuss together.

That's all for this episode. If you want to know more about financial management, please leave a message for me.Please provide the text you would like translated into English.