RMB digital currency payment system
digital currency can be understood as the digitalization of RMB, which has two obvious advantages: "no account payment" and "no network payment". After Facebook launched Libra this year, the central bank's digital currency has also stepped in. We see both challenges and opportunities
in a word, digital currency is still RMB in fact, but some changes have taken place in its form. We say that digital currency is of great significance. It not only enhances the security and controllability, but also makes counterfeit currency "invisible". In addition, the issuance of the central bank's digital currency is also concive to the central bank's more convenient and transparent management
In recent years, the rise of financial technology drives the digital and intelligent development of finance, and the form of money is also evolving. Recently, the news of digital currency has attracted people's attention, and there is still a lot of gap with the current online payment
currency payment comprehensively solves the problems of digital asset holding, transaction and security management of enterprises, indivials and developers, and further promotes the application and development of digital assets, so as to promote the healthy development of blockchain.
digital RMB is money, Alipay and WeChat are wallets, which is the most essential difference between and . Strong> in addition, the difference between digital RMB and Alipay and WeChat payment is that the platform transfer method is different and the process is different. Strong>
1. Platform transfer is different. The mobile payment platform such as Alipay and WeChat, which we are using now, is just a platform proct for payment. It can not proce money in itself, and its own procts can only be used in its own system,
. transfer and other operations cannot be performed between different payment platforms . The biggest reason is that the amount shown by each payment platform is only for its own platform, and it cannot be circulated on other platforms
but Digital RMB is different. it adopts advanced digital encryption technology, which is recognized among various platforms , that is to say, if you have digital RMB, you can transfer, trade and settle accounts among multiple payment platforms, which greatly facilitates the use in daily life. In addition, it has a special mark, which is also a good blessing in digital security. There are state endorsements behind it, not to mention the problems of bankruptcy and inability to exchange cash
Second, different processes
at this stage, all payment platforms have to transfer the clearing function to the central bank to complete , which means that a large amount of data storage, transfer and calculation are needed between the payment platform and the major banks and the central bank, which is a large part of the cost investment< while digital RMB eliminates a lot of intermediate links and processes , greatly recing the data flow process and joint points between the payment platform and the bank. From this point of view, this is the great progress of the financial instry
extended data
the key concept of digital RMB is as follows:
Digital RMB is legal tender in digital form issued by the people's Bank of China, which is operated by designated operating institutions and exchanged to the public. It is based on the generalized account system, supports the loose coupling function of bank accounts, and is equivalent to banknotes and coins, It has the characteristics of value and legal compensation, and supports controllable anonymity
There are two key points in the concept of digital RMB. One is that digital RMB is legal tender in digital form; Another point is that it is equivalent to banknotes and coins. Digital RMB is mainly positioned at M0, that is, banknotes and coins in circulation as far as I know, there is a big difference between the use of digital currency and traditional paper currency. The purpose is the same, but the technology, security and application are different. The simplest difference is that one is printed on paper, and the other is printed on the blockchain information system in digital form
there are two simple understandings: currency digital currency is in the form of e-wallet, and RMB is paper currency. When it is used, one is to exchange currency and goods directly, and the other is to use digital currency wallet for transaction and transfer. Digital currency is certainly more convenient, while paper currency will have many problems, such as ring the epidemic, We should try our best to rece the risk of paper money transaction