The so-called digital RMB is digital currency, which is an electronic payment tool. The digital currency Research Institute of the Central Bank pointed out that the functions and attributes of digital currency are exactly the same as those of paper money, but its form is digital. In addition, even if banks officially promote the national digital RMB, from the trend, digital RMB will replace banknotes and coins, but this does not mean that banknotes and coins will fail in the circulation field. Because, sometimes your mobile phone and bank card can't pay, as long as they have a few bills in their hands, cash settlement will generally succeed.

So, will the digital RMB affect our lives? First of all, most people often use WeChat and Alipay for ordinary mobile payment. With the introduction of digital RMB, they can pay in digital currency, which is safer. Because if you use WeChat and Alipay, you just use company assets and credit as backup books. Digital RMB uses credit to create returns, which is stronger and safer. I think this is half. The launch of digital RMB is determined to shock the currency, because with the participation of blockchain technology, relevant departments can effectively find the source of funds, thus playing an effective role in curbing money laundering. However, it may not be so easy to fight corruption. Some corrupt elements or money entered their homes and put them in the names of relatives, but you couldn't find them, or some corrupt elements directly put corrupt money at home and didn't find law enforcement agencies.

Digital currency can also help the poor accurately and distribute state welfare. During the epidemic, China has formulated many welfare policies for companies and individuals. Because of inaccurate information and blocked channels, it is impossible to benefit every company and individual. If you use the digital RMB channel, I think every company will benefit directly, so that you can save time cost and channel operating cost, and you don't need a third party. In addition, if the digital RMB is laid out in advance, the country can provide more direct and fast people, and it can also be accurate to individuals. All these will promote China's internal circular economy.