The digital yuan will play an important role in five areas.

The digital RMB app (pilot version) has been a thing of the past since its announcement on January 4. At the same time, one of the 12 driving cities, Beijing Summer Olympics Zhangjiakou District, announced that the payment of the Winter Olympics safety red line will begin soon. Five on-site payment processes were 100% completed used, and 100% signed and verified of the 52 undeveloped payment terms, supporting digital RMB acceptance.

Specifically, the digital renminbi will play an important role in five aspects when it enters the phase of financial life.

First, the birth of the digital renminbi is undoubtedly another significant change in the form of money, and the impact on the economy and the economy will be prosperous and far-reaching.Digital RMB not only provides the convenience and anonymity of cash registers, but also has the advantages that cash registers do not have. Flexibility and openness of monetary functions. Not only can it reduce business costs, but also improve business quality, which can complement online business, with offline business knowledge, expand product marketing, and improve business product performance. The digital yuan will continue to affect the whole industry and people through its transformation of the financial system.

Second, it will affect China's fiscal policy.On the other hand, the digital yuan makes companies more vulnerable to interest rates. In the digital age, data rate interest rates have become easier for the public, and the central bank has information about the digital yuan, which makes it easier to estimate interest rates. At the same time, the use of the digital yuan can improve the efficiency of the entire financial system and shorten the period of the bank financial institution's policy, allowing the core banks to control interest rates. In addition, the digital yuan can facilitate and accelerate the exchange of profits and financial assets and reduce exchange rates. As a result, the market's sensitivity to interest rates increases, and even a small change in interest rates can change the structure of financial assets. Meanwhile, the digital yuan can make China's monetary policy more efficient and effective. The central bank manages the digital renminbi and can control the renminbi data flow in real time, which is very convenient for developing and implementing financial policy.

Third, it will help transform the entire healthcare and financial ecosystem by improving the ability of Chinese regulators to tackle the financial crisis, tax evasion and multifaceted anti-corruption protests.On the other hand, it helps to enter and enter at and enter at for, at, at, at, at, at, at, at, at, at, at, at, at, at, at, at, At after the digitization of the RMB, the company Central banks can use big data to perform precise assessments and checks, thus preventing financial breaches. On the other hand, it is good to fight against gambling, financial fraud and financial fraud. When the digital renminbi has been fully utilized, the central bank can close money that is not considered financially viable by analyzing the renminbi. In the future, central banks can provide strong evidence of cracks in financial situations through the renminbi big data analysis platform. On the other hand, it helps to eliminate criminal activity. The use of the digital renminbi has been documented and will have a positive impact on the fight against corruption.

Fourth, the digital renminbi will support China's global financial development and allow more people to share income through the development of financial technology.First, easy payments for farmers are in the remote area can be done. Renminbi is that you download the digital RMB app after payment, you can create a touch price if you can create a large step. Second, you can provide convenient calculations for each coverage. Renmin Renium can be accessed directly to the property of the government's limit, farming and land fish and forest. The third is to provide convenience to staff people who work in care. Some of the wages of workers migrant in the Digital RMBS that benefits the digital business, but farmership, and farmers into digital business , but farm agreement. The fourth method is easy to create a small company, reduce and private loan, and provide the opportunity to reduce the cost of industry. Commercial bank can understand the workplace and his family's financial and debt permissions of loans, and improve approval of loans. At the same time, Radminbi digital work can be big. The latest access of production and function of the company that serves for conflict, credit protection and managing asymmetric company.

Fifth, promote the reform of the payment industry, break the payment monopoly, and promote the fairness and ecology of money exchange.The openness of the digital renminbi will determine that more and more companies will join digital renminbi payments in the future, allowing renminbi denominations to enter all areas of exchange, be good and promote l balance of business opportunities in the untapped economy. Break the first key monopoly models in the payments market. The supporting payment platform continuously reduces transaction costs and provides the benefits of creating the most efficient payment platform.