The Central Bank Is Coming With Digital Money. Cell Phone Can Be Paid Without Signal.

Recently, the news of the central bank's digital currency is about to fall. The head of the digital Monetary Research Institute of the people's Bank of China recently said At present, the research and development of digital renminbi is steadily advancing.

Experts explained that Central bank   The digital currency issued is regarded as the digital Renminbi cash, and the concept of digital currency is well understood.

Dong Ximiao, special researcher of national finance and development laboratory You can not open a bank account or pay an account. As long as you have a digital money purse, you can use the central bank digital currency.

Not only that, the central bank's digital currency uses the latest double offline technology. Even if there is no mobile phone signal, it can still be used.

Dong Ximiao, special researcher of national finance and development laboratory It can be used conveniently without network. As long as the mobile phones equipped with digital money purses are put together, they can easily complete the transfer or payment.

At the same time, the digital currency issued by the central bank starts with banknotes and coins instead of circulation, that is to say, Assuming that the currency is currently 100 yuan, the central bank's digital currency will replace the equivalent of 100 yuan.

Xu Yuan, senior researcher of digital Finance Research Center, Peking University The new numeral currency is exchanged with our old banknotes one to one. Nowadays, commercial banks must get the digital currency instead of increasing the total amount. This is the first step, and the total amount does not increase at the time of trial.

At present, the central bank's digital currency is being tested in four places in Shenzhen, Xiong an, Chengdu and Suzhou. The central bank said Considering that the digital money is limited to the pilot stage, there will not be a large number of issuance and comprehensive promotion in the short term, and the velocity of money circulation will also remain at a normal level.