The core element of the digital RMB system framework is "one currency, two banks and three centers"

According to the Prototype Conception of China Statutory digital currency, the core element of the digital RMB system framework is "one currency, two banks and three centers". Among them, "one currency" refers to the central bank digital currency; The "two libraries" refer to the digital currency issuing library (the database for the central bank's digital currency issuing fund) and the digital currency bank library (the database for commercial banks to store the central bank's digital currency); The "three centers" refer to the authentication center (responsible for identity information management), the registration center (responsible for digital currency ownership registration) and the big data distribution center (responsible for the analysis of anti-money laundering and payment behavior).

Sub-wallet expands the application scenario of digital RMB from offline to online

While digital RMB is fully implemented, which sub-scenarios can digital RMB be applied in is the content of public concern. The "sub-wallet" launched by state-owned banks has broadened the application scenarios of digital RMB. "Sub-wallet" refers to a smaller wallet that sets different sub-scenarios and sub-institutions for different sub-scenarios of digital RMB, such as e-commerce consumption, membership management, transportation and local life.

taking agricultural bank of China as an example, the "sub-wallet" page of digital RMB App has been connected to the entrances of e-commerce platforms such as JD.COM, bilibili, Meituan, Didi, SF Express and Tuniu.

from the application scenario of "sub-wallet", the application scenario of landing pilot mainly covers the fields of living payment, shopping consumption, daily travel and so on, and the consumption scenario of digital RMB has expanded from offline merchants to online.

The landing scenes of digital RMB may be more abundant in the future

Judging from the current landing scenes of digital RMB, it is mainly a small retail payment scene, which is more in line with digital currency's positioning as M (banknotes and coins).

The prospect of the landing scenario of digital RMB includes the widening of application scenarios, functions and interfaces:

—— For more data sources and analysis, please refer to the Analysis Report of China Smart Bank's Deep Investigation and Investment Strategic Planning.