The biggest advantage of digitalization is to improve competitiveness, efficiency and adaptability; Promote financial digitalization and inclusive finance; It greatly reduces the issuance and transaction costs, and improves the circulation efficiency of M0 and the monetary status of the central bank. The advantage of RMB digitization is 1. Trading is more convenient. Digital currency can be used in small-scale, retail and high-frequency business scenes, which is not much different from paper money, but it saves the trouble of changing paper RMB. At the same time, it does not depend on bank account and payment account, as long as the user has a digital currency wallet. 2. The payment efficiency is higher. Digital currency adopts dual offline payment, which can realize payment independent of the network. Like paper money, it can meet the needs of electronic payment in places with poor network signals such as airplanes, oil tankers and underground parking lots. 3. Higher security. Renminbi is the digital currency issued by the Bank of China. Its stability and reliability are trustworthy, ensuring the low financial risk in digital currency. In case of theft, digital RMB can provide the function of reporting the loss for real-name registration system wallet. 4. The transaction path is short. The transaction path is short, just touch it with your mobile phone. Of course, for those who are unwilling or unable to use smart phones, in order to meet the needs of publicity and inclusiveness, solutions are proposed. IC card, function machine or other hardware, such as elderly visual chip card with integrated health code and balance display, provide convenient and safe digital RMB payment experience and travel convenience for the elderly through touch or QR code. 5. There are few intermediate links. Digital currency supports point-to-point transfer without the assistance of third-party institutions, which can save the clearing and settlement link. On the one hand, it is particularly convenient for transnational and inter-institutional transfer, on the other hand, it is particularly convenient for people's livelihood subsidies. Because digital currency's function contract can be delivered to people at a fixed point, people's livelihood funds can be distributed to people's digital wallets, which eliminates the possibility of false reporting, impersonation, interception and misappropriation. For example, after the outbreak of the epidemic, in order to promote the recovery of consumption, various forms of consumer vouchers have been launched all over the country, but there are some imperfections in their design and distribution. If the government wants to subsidize the poor, it may be better to use digital RMB, because the issuance and liquidation of digital RMB are done by the central bank. Every government subsidy issued by the state can be traced back to its purpose and every link, such as whether the consumption subsidy is used to buy wealth management products and whether it is used for real estate speculation. 6. Reduce environmental damage. Digital currency reduced the printing of paper money, thus reducing the demand for nature. 7. Strong anti-counterfeiting ability The use of digital currency needs to prove the ability to possess specific secrets, and the transaction supports multiple witnesses. So it is impossible to forge digital currency without being discovered. 8. The difference between portable and cash is that 1 10,000 yuan in cash is basically full, while there is no upper limit for digital RMB. Whether it is 100 yuan or 100 million yuan, you can put it in your wallet, and there is no upper limit on the balance. 9. Good anonymity. Digital currency can make small transfers between individuals anonymous, effectively protecting users' privacy. 10. Low capital cost Due to its digital form, the transfer and maintenance costs in digital currency are extremely low. Unlike Alipay and WeChat, digital RMB, like paper money, does not require handling fees. 1 1. This is mandatory. Digital currency is legal tender, so when we use digital RMB, no organization can refuse it. Sometimes we can't pay by WeChat or Alipay in life, but only by cash, which is very inconvenient for us who are used to using mobile phones. Digital currency has solved this problem. Digital RMB can be paid by mobile phone, without fear of being refused payment.