In the past two days, Yang Ma came out to confirm that the digital RMB will start the pilot closed test. The first test center is Suzhou. If all goes well, we will soon start the digital currency era in an all-round way.

Online digital RMB for ABC account.

So what is digital RMB? How are they different from Alipay and the paper RMB we use every day?

This kind of digital RMB can actually be called electronic RMB, which is essentially the same as our paper currency RMB.

However, paper money is offline and can be seen and touched. The electronic version only exists in our electronic devices, such as mobile phones.

If paper money is compared to a tape CD, then digital currency is an MP3 file.

Then many people will have questions. Isn't this Alipay WeChat payment? What is the difference?

These two things look a little similar, but in fact they are very different:

In fact, the digital currency issued by Yang Ma is not the number we saw in the bank at all.

His denomination, quantity and resolution are the same as those of paper money.

For example, digital currency who sent you 200 yuan. Can be divided into two pieces 100 yuan, can also be divided into four pieces of 50 yuan denomination currency, stored in your electronic equipment.

Online payments such as Alipay and WeChat, although they don't need cash, are not qualified to print money and have no ability to pay. They need to bind your bank card, and there is money on the card to complete the payment.

Simply put, digital currency is money. The online payment of Alipay WeChat is just a porter of money.

There is another important point. Third-party online payment needs network. If there is no signal on the mobile phone, there is no way to pay the bill.

If the mobile phone is in arrears, there is no way to use online payment.

In digital currency, your mobile phone doesn't have Internet, but as long as it has electricity. Mobile phone, once it is broken, it can be transferred.

In addition, the payment of RMB number is anonymous. Third-party payment needs a real name and needs to be bound to your bank account.

It can be seen that digital currency is suitable for hiding private money.

Of course, some people will say that it will pass with a light touch, and it will be more convenient to steal things in the future.

Let's stop here. Although anonymous from us, from the national level, those thieves can't be so rampant, because the money they got illegally, where they came from, how they got there, where they went, and where they finally went, can be finalized. So those thieves should behave themselves.

Then we may really enter a new era, bid farewell to the 72-year-old paper RMB and enter the digital currency era.

Of course, the central bank's digital RMB is safe and managed directly by the central bank, which is safer than RMB. Don't worry about this. It's normal to worry about things you don't know. Let's take some time to understand the statutory digital currency of the central bank.

China may become the first economy to issue sovereign digital currency. Mu Changchun, director of the digital currency Research Institute of the Central Bank, clearly defined digital currency, that is, "the functional attributes are exactly the same as those of paper money, but the digital forms are different." DCEP has unlimited legal recourse and is a substitute for M0 (banknotes and coins) instead of M 1 and M2.

Digital currency issued by the central bank belongs to the liabilities of the central bank, has national credit, and is equivalent to legal tender.

On April 16, digital currency's first application scenario-the central bank landed in Suzhou. In May, the news that Xiangcheng District of Suzhou distributed digital currency (DCEP) as a form of transportation subsidy to employees of various district-level organs, institutions and directly affiliated enterprises ignited the domestic digital currency plate. This trial operation marks the official launch of China's sovereign digital currency.

Digital currency is safer than bank deposits, because only the central bank can confirm the right!

Don't worry about safety at all. The issuance and withdrawal of paper money is a "central bank-commercial bank" two-level system. When issuing, it will be transferred from the issuing fund to the central bank's issuing bank, then from the central bank's issuing bank to the banking institution's business bank, and then from the banking institution's business bank to the circulation field.

The white paper issued by DCEP mentioned that DCEP also adopts a "central bank-commercial bank" two-tier operation system, and follows the current paper currency issuance and circulation mode, namely: 1, and the central bank issues digital currency to commercial banks; 2. Commercial banks provide digital currency access and other services to the public. Compared with the central bank's direct issuance of digital currency to the public, the advantages of the two-tier operation system are: 1) It is easier for the statutory digital currency to gradually replace paper money under the existing monetary operation framework without subverting the existing currency issuance and circulation system; 2) It can mobilize the enthusiasm of commercial banks, participate in the issuance and circulation of legal digital currency, appropriately spread risks, accelerate service innovation, and better serve the real economy and people's livelihood.

Digital currency, the central bank, has replaced M0. Its functions and attributes are similar to those of paper money, but it is digitized.

Third-party Internet payment, such as Alipay and WeChat payment, adopts the currency settlement of commercial bank deposits, which belongs to M 1 and M2 level digitization, and has no M0 level legal effect, let alone replaces M0.

DCEP doesn't need networking, only the mobile phone has electricity, and it doesn't need to be bound to a bank card for trading. Alipay needs to be networked and bound with bank cards.

DCEP has no intention to replace Alipay and WeChat, nor will it affect Alipay and WeChat.

But DCEP is more secure than Alipay and WeChat. If you compare Alipay to a bank, your money is in this bank, and all the money is transferred out through this bank. Although Alipay is big enough, it cannot rule out the possibility that Alibaba and Ant Financial will go bankrupt. After all, commercial banks are likely to go bankrupt, so the asset security of hundreds of millions of users cannot be guaranteed. For the regulatory authorities, the implementation of the digital currency endorsed by the central bank and the state is a precautionary measure.

Having said that, do you know something about digital currency of the central bank? Do you have more expectations for its convenience and security? In 2020, digital currency really came. Are you ready?

Do you feel insecure about the products launched by the central bank? If it is not safe, what is your basis for judging the safety of the product?

Therefore, there is no need to ensure the security of the digital RMB, because it is itself safe, just like the national debt. You don't need to ensure its security. The security is there, visible, intangible and dare not.

Back to the question itself, what is digital RMB? Digital RMB refers to the central bank's digital currency (DCEP), corresponding to M0, which is the currency in circulation, such as coin paper money.

That is to say, digital currency is just a different carrier, not a physical form, but has physical characteristics. For example, 100 yuan paper money, then we can get it, touch it, it has its form, which is called cash. If you change to digital currency, it will become a string of digital codes (keys), which are invisible and intangible. It has no physical form, but it does exist.

What is the difference between it and Alipay's balance (non-balance treasure, balance treasure corresponding to money fund, wealth management products, corresponding to non-cash)? In fact, the balance is only the reserve of the third-party payment institution. Alipay plays the role of payment and does not have the function of issuing money. That is, how much money it should deposit in the bank and initiate a transfer, and it can be transferred by sending an instruction to the bank. It is not money, but also an information turnover settlement service.

Digital currency issued by the central bank is practical, not an information turnover settlement service, and can be created by the central bank.

Its trading method is the same as that of paper money and coins in physical form, and it does not need the network, so it is not necessary to initiate network instructions and then let the bank transfer money. However, if the device is lost, just like the wallet is lost, the key is implanted in the device, and it is impossible to retrieve the account number and password and the corresponding funds through network technology like Alipay.

One more thing, because it is cash, not bank deposits or wealth management products, it will not generate interest. Coupled with the binding with the equipment, the corresponding equipment was implanted, and the equipment was lost and could not be retrieved. Therefore, when converting into digital currency, it is not advisable to convert in large quantities. Just like how much cash is needed, how much cash is needed.

Of course, when people get used to the third-party payment, such as WeChat Alipay, with the blessing of the monetary fund, they can pay directly and generate corresponding income, then obviously, digital currency does not have much advantage in mobile payment-it is ok to adopt early adopters, which may not be as useful as expected for ordinary users, but it may have corresponding usability for enterprises.

That's a good question!

Digital RMB is coming. If it is issued successfully, it will be the first digital currency endorsed by the sovereign government.

The digital RMB is very different from the popular digital currency in previous years, and it is essentially different from Alipay and WeChat payment.

The digital RMB is M0, which is equivalent to cash and endorsed by government credit.

Alipay is M 1, which is a kind of deposit management and is not suitable for deposits within the scope of compensation stipulated by bank insurance. Alipay is a private enterprise, with Ali's credit as an endorsement.

Digital RMB has a touch function this time. This function can complete the transfer when the mobile phone has power and no network signal. For example, payments can be made in basements and remote areas. You only need a phone number or email address when you register, and you don't need to bind a bank card to transfer money. Alipay, a convenient mobile payment method, is based on the construction of 4G network infrastructure and is determined when the network speed reaches a certain level. If you don't believe that you can't pay the bill, the seller's service attitude can't let you go.

Because of their different credit endorsements, it determines the difference in international status and is conducive to the further internationalization of the RMB, which Alipay cannot accomplish.

Alipay and mobile banking paved the way for us to use digital RMB, formed a habit and cultivated a lot of good security awareness. Now commonly used digital password, gesture password, fingerprint payment, face payment and so on, if these measures can be applied in place, it is no problem for ordinary users to ensure the security of digital assets.

Thank you for reading. Welcome to watch and exchange messages.

I just don't understand, can this "digital currency" be exchanged with the current physical currency? If so, what "platform" should it be implemented on? This is a realistic problem that must be prepared in advance, and there can be no more problems such as incompatibility between the new version of RMB and the supermarket cashier system. At the same time, we should also consider the convenience of ordinary people.

First of all, a remarkable feature of digital currency, the central bank, is that it can be traced back, and its source and destination will be clear at a glance. In addition, with the coverage of the real-name payment registration system, no matter how many times of circulation, the final flow direction can be found layer by layer, which is theoretically safer than bearer paper money.

Digital currency, the central bank, has exactly the same functional attributes as paper money, only in digital form. It is used to partially replace the existing M0 currency, reduce the risk of counterfeit banknotes and combat illegal money laundering.

Digital currency, the central bank, is the digital form of paper money. Just like cash payment, its functional attributes are exactly the same as paper money. Its positioning is to replace traditional paper money, not M 1(M0+ demand deposit) and M2(M 1+ time deposit). Its effectiveness and safety are the highest.

The difference between digital currency and Alipay is that Alipay belongs to the third-party Internet payment, and takes the monetary settlement of commercial bank deposits, which belongs to M 1 and M2 level digitization, and has no M0 level legal effect, let alone replace M0. Now in digital currency, everyone has an electronic wallet. You don't need an account, you can directly convert it into digital currency. This wallet is like putting it in your pocket. In other words, after the launch of the Bank of digital currency, it only changed into digital RMB, and the deposit currency of the central bank did not change the channels and scenarios. The source of funds for Alipay still needs to be transferred through a bank card, that is, there is an intermediary of a bank account, while digital currency can be used offline like cash payment, without network and cell phone signals.

I just experienced it, and it must feel safe. I believe that no one dares to infringe the app created by the central bank unless he feels that life outside is too comfortable or wants to be famous. The future trend of mobile payment by mobile phone is irreplaceable. It is said that technology will change the future. I believe that life in the future will be simpler and faster, and the technological life in movies will not be too far away.

On the evening of April 14, digital currency DCEP, the central bank, ushered in a historic fetal movement.