Benefits of digitizing the yuan
1. Transactions are more convenient.
Digital currency can be used in small amounts, retail, high-frequency business scenarios, and the use of paper money is not much different, but eliminates the trouble of making change in paper yuan, while it does not rely on bank accounts and payment accounts, as long as the user is equipped with a digital currency wallet.
2. Payment is more efficient.
Digital currency adopts double offline payment, not relying on the network to realize the payment. Like paper money, it can meet the electronic payment needs of airplanes, tankers, underground parking lots and other places with poor network signals.
3. Higher security.
The digital RMB is a digital currency issued by our national central bank, which is trustworthy in terms of stability and reliability and ensures a low financial risk of the digital currency. If theft and other behaviors do occur, for real-name wallets, digital RMB can provide a lost function.
4. Short transaction path.
The transaction path is short, and all you need to do is touch it with your cell phone. Of course, for the groups who are not willing to use or not capable of using smart phones, in order to meet the public **** and universal demand for solutions proposed, you can choose IC cards, feature phones or other hardware, such as the integration of health code and balance display of the visual chip elderly card, through the touch or two-dimensional code way, to provide the elderly with a convenient and safe digital RMB payment experience as well as travel convenience.
5. Less intermediate links.
Digital currencies support peer-to-peer transfers, do not require the assistance of third-party institutions, and can also remove the clearing and settlement links, on the one hand, in the cross-border, cross-institutional transfers, on the one hand, in the livelihood of the people's livelihood subsidies is particularly convenient. Because through the digital currency function contract way, can realize the fixed point to the person delivery, people's livelihood funds, can be issued to the masses of the digital wallet, so as to eliminate the possibility of misrepresentation and misappropriation. For example, after the epidemic, in order to promote the recovery of consumption, all over the country launched a variety of forms of consumption rolls, the design of its issuance is that there are some imperfections, if the government wants to give subsidies to the poor, with a digital RMB may be better, because the issuance and clearing of the digital RMB are completed by the central bank, the state issued by each government subsidies can be traced back to its use and handled by each link, such as consumption Whether the subsidies were bought for financial products or used for property speculation can be traced.
6. Reduce environmental damage.
Digital currencies reduce the printing of paper money, thus reducing the demand on nature.
7. High security against counterfeiting
The use of digital currencies requires the ability to demonstrate the possession of a specific secret, and the transaction supports witnessing by multiple parties, so it is impossible to counterfeit digital currencies without being detected.
8. Strong portability
Unlike cash, if 10,000 dollars of cash is placed inside the wallet, it is basically held up full, but the digital RMB has no upper limit, whether it's 100 dollars or 1 million can be placed inside the wallet, the balance has no upper limit.
9. Good anonymity
RMB digital currency can be anonymous for small transfers between individuals, effectively protecting user privacy.
10. Low cost of funds
Digital currencies have extremely low costs for transfers, maintenance, etc., thanks to their digitized form. Unlike Alipay and WeChat, the digitized RMB is the same as paper money, and there are no fees for withdrawals.
11. It is mandatory.
Digital currency because it is legal tender, so we can't be refused by any institution when we use digital RMB, sometimes in life we will encounter the phenomenon of not being able to use WeChat and Alipay to pay, and only support the phenomenon of cash payment, which is very inconvenient for us who are used to using cell phones, and digital currency solves the problem, the digital RMB can be used to pay by cell phones, and we don't have to worry about being refused payment.