The RMB digital application is online. How far does the noise go?

Recently, the digital RMB app (pilot version) was launched at major retailers. It is the first time since the experience in Shenzhen in October 2020 that the RMB digital app download channel has been launched, and it is significant in the development of the company.

As to why it's only on the shelves now. According to the Financial Times, the reporter joined the company's first company, users register for free in the first digital yuan reader to receive redemption numbers and packages and set up the application. , cannot be recovered and reused. To improve the user experience, the digital version of the RMB application started with many comments and recommendations received from previous works.

In an instant, the Digital RMB app rose to the top of Apple's App Store.

Another digital yuan craze and a digital yuan app available to everyone gave the public a surprise that the digital yuan entered the popular scene. Many relatives, friends and even financial journalists question the author. Will it be noisy? Strictly speaking, the author believes that there is still a long way to go before the popularity of the digital renminbi.

online events

Market application for digital RMB application includes Apple App Store, Huawei, Xiaomi, OPPO, vivo mobile application market, App Store, 360 Mobile Assistant, Baidu Mobile Assistant, Wandoujia and other Android stores. The capabilities in this list are only limited to the Chinese app store.

RMB apps can be downloaded by anyone, but not everyone can use them. At present, the digital yuan is still in the modern inspection process in the research and development process, and in the field of conduct and experiment events, desktop users free registration details can register for renminbi digital app.

So, in fact, it's not online at all. Of course, this area is not strictly restricted and many people can complete the registration by updating their site and going to a bank. However, in most cases, the current purchase is limited to the area where the driver was. Although the digital yuan pilot quota has been obtained in other areas, it can only be used for individual referrals, and the applicable status is difficult to find.

What a difference

The topic is to discuss the popularity of the digital renminbi, or something else needs to be done first to promote the popularity of the digital renminbi.

The first is the industry growth model.Compared to the traditional four-way standard of debit card receipt, digital RMB is interest-free and cost-effective (and currently non-existent), so the way to receive benefits is something every paid employee benefits from.

During the WeChat Open Course PRO held this week, WeChat Pay announced that to date, WeChat Pay has over 23,000 monthly subscribers, over 1,800 paid affiliates and accounts, and over 1 million Commercial Partners. It is the sole provider of WeChat Pay. With these large vendors, vendors often rely on cost to survive. The RMB needs higher support if the equity payment model has been completely restricted. Promoting the digital renminbi market paves the way for sustainable development.

Now, except for built-in payment models, digital renminbi programmability is the best way to expand the revenue model, but many companies want to know how to make money.

Second, the rights and responsibilities of participants must be shared.. After many years of development, the payment industry has brought the Sifang model to maturity. With the advent of online payment, the voice of Sifang and Sifang new online payment model has become more popular, the key is to explain everyone's rights. Involvement responsibility, how to guarantee for customers and sales. The responsibility of all parties in a particular matter such as, for example, financial protection, reimbursement and fraud.

Currently, the Company's Financial Institutions Research Institute (such as the Digital Currency Research Institute) is responsible for the majority of renminbi pilot projects, from set-up to market access and experimentation. It is linked to Digital Currency Lab. As the digital renminbi matures in the future, the human banking system must always decentralize, and the manager belongs to the manager, and the business belongs to the market. If banks, offices and service providers are to learn from current needs, or learn to adapt and refine, these must be improved, corrected by constant changes in experimental operation.

Third, the enactment and improvement of policies. In essence, it is still a matter of public order and industry responsibility, but the digital yuan as a legitimate value must be elevated to the legal level to ensure the rights and interests of traders without restriction. . and users.

In October 2020, the "National People's Congress of China on the Rights of the People's Bank of China (Draft Notice)" was announced. The letter seeks to include both physical and digital data to provide a legitimate basis for the renminbi. In order to avoid the publicity of digital tokens, the risk of virtual rewards, it is clear that any unit or individual is prohibited from creating and selling digital tokens.

This forms the legal basis for digital renminbi broadcasting. Of course, not only the amendment of China's popular financial institutions law, but also many laws and regulations must be followed, all of which must be done leading to the gradual popularity of the renminbi's digital future.

Fourth, risk management has reached the level of disposal management.It is a combination of technology, market and politics, and the struggle of gray and black production is an important part of the payment industry, and the theme of changes will change according to changes in politics commercial and environmental. For example, barcode payments were abolished in early 2014, and with the advent of marketing and regulatory reforms, the Company was prohibited from publishing data in 2017. 296, allows barcode payment- bars.

The digital renminbi in 2021 is still going through a series of black production experiments, such as pyramid schemes, communication scams, financial transactions and other violations. But at the same time, it is a good symbol of the digital renminbi, and the process has been further improved to avoid the use of gray and black material, so that the renminbi system matures and the process of handling popular cases.

In general, the popularity of digital renminbi is still a long way off, the release of the application is still in its infancy, and key issues need to be resolved. Finally, whether the digital yuan replaces QR code payment, whether the digital yuan kills WeChat Alipay, or whether the digital yuan kills WeChat Alipay, everyone has nothing to do and read "China Digital Yuan Development Free Paper". RMB will be exchanged for cash etc. Your question has been answered.