Digital RMB personal wallets increased by 21 million in more than two months
Digital RMB personal wallets increased by 21 million in more than two months. As an important part of the Winter Olympics and an image publicity window, the application and payment scenarios of digital RMB are also in full swing, and digital RMB personal wallets increased by 21 million in more than two months. The number of digital RMB personal wallets has increased by 211 million in more than two months. 1
At the press conference on financial statistics of the State Council Office in 2121 held on October 8, Zou Lan, director of the financial market department of the central bank, revealed that by the end of 2121, there had been more than 8,185,111 pilot scenarios of digital RMB, and a total of 261 million personal wallets had been opened, with a transaction amount of 87.565 billion yuan. The reporter found that the opening speed of digital RMB personal wallets has obviously accelerated, with only 21.87 million as of the end of June last year and 41 million as of October 22.
At present, the central bank has launched digital RMB pilot projects in Shenzhen, Suzhou, Xiong 'an, Chengdu, Shanghai, Hainan, Changsha, Xi 'an, Qingdao, Dalian and the 2122 Beijing Winter Olympics, covering basically the Yangtze River Delta, Pearl River Delta, Beijing-Tianjin-Hebei, central, western, northeast and northwest regions.
"The (early) pilot has effectively verified the technical design and system stability, product usability and scenario applicability of digital RMB business, and enhanced the public's understanding of the design concept of digital RMB." Zou Lan said that in the next step, the central bank will continue to steadily promote the pilot research and development of digital RMB, further deepen the pilot use of digital RMB in retail transactions, living payment, government services and other scenarios, and set the pilot research and development of digital RMB to serve the real economy and people's lives, so that more enterprises and individuals can feel the value of digital RMB and fully stimulate the enthusiasm of all parties in the industry. Digital RMB personal wallet has increased by 211 million in more than two months. 2
As the scene construction of Beijing Winter Olympics has entered the final closing stage, as an important part of the Winter Olympics and an image publicity window, the application and payment scenes of digital RMB are also in full swing, covering seven categories such as catering, transportation, shopping, tourism, medical care, ticketing and communication. At that time, we will not only see the high-spirited spirit of Olympic athletes, but also experience them.
Digital RMB will change the pattern of global payment and financial market
Digital RMB is also RMB, and like paper RMB, it is the legal tender of the country, and both of them enjoy the same legal status and economic value. Compared with cash transactions, digital RMB transactions also have the characteristics of payment and settlement, and it also has the advantages of more convenience and security.
from government departments, institutions, social organizations, to areas closely related to people's daily life, such as food, clothing, housing, entertainment, shopping and consumption, digital RMB has appeared, which is embodied in the following aspects:
First, the number of users is steadily increasing. By the end of 2121, the number of personal wallet accounts opened with digital RMB has reached 41 million, and there are 11 million public wallets, with accumulated transactions.
Second, the APPlication scenarios of digital RMB are also being further expanded. At present, there are more than 3.5 million pilot scenarios of digital RMB, and the online and offline usage scenarios show the trend of accelerated integration. On October 4th this year, the digital RMB (pilot version) app was put on the shelves of Android and Apple app stores, which will undoubtedly become a landmark event in the development of digital RMB.
The openness and equality of digital RMB have brought a rare opportunity for small and medium-sized banks to develop by leveraging their own resources. Due to the constraints of their own scale strength and technical ability, the electronic payment platform built by small and medium-sized banks has always been relatively limited in function and influence.
Now small and medium-sized banks can provide their own products and services to a wide range of users only by accessing the environment of digital RMB. In this way, small and medium-sized banks can obtain larger traffic channels and relatively fair competition opportunities. In the long run, digital RMB promotes the healthy competition among banks and maintains and balances the diversified development pattern of the banking industry.
At present, the cross-border payment and settlement of global trade is basically monopolized by SWIFT. The shortcomings of this system are cumbersome procedures, low efficiency and high fees, and it is controlled by a few countries led by the United States, which has become a financial weapon threatening other countries.
For example, the United States prohibits Iran from exporting crude oil and importing technical products, and SWIFT has mastered the data of international trade payment and settlement, so the United States can sanction countries or enterprises that trade with Iran, and the emergence of digital RMB will change the existing international trade pattern.
Digital RMB has the characteristics of decentralization, real-time synchronization, zero handling fee, etc. Compared with SWIFT, it is more efficient and safer. As digital currency, digital RMB does not need to rely on bank outlets like SWIFT, so it will be more convenient to popularize and popularize. Therefore, the emergence of digital RMB will undoubtedly accelerate the internationalization of RMB.
while other countries are still waiting and hesitating, China has completed the forward-looking layout work, and the promotion of digital RMB is about to enter the stage of universal popularization. From the previous pilot application,
On the one hand, the comprehensive construction and debugging of the technical environment have been completed, and the digital RMB has shown high security in use, which can neither be reused nor illegally copied and forged. Personal information and transaction data related to digital RMB are controlled by the People's Bank of China.
On the other hand, the promotion mode of universal red envelope drainage in pilot cities has achieved initial results, and achieved the expected test objectives and trial results. This Winter Olympics will be another comprehensive test of the use effect of digital RMB and an excellent global publicity channel.
It is believed that after the People's Bank of China becomes the core entrance and clearing center of digital RMB, it means that a central bank can grasp all the information about the transaction, use and circulation of digital RMB, and the central bank can further improve the accuracy and effectiveness of monetary policy by monitoring and analyzing digital and paper RMB.
Second, relying on digital RMB is also conducive to cracking down on illegal money laundering, online gambling, telecom fraud, illegal financing, tax evasion and other illegal acts, which will be invisible in the era of digital RMB, so digital RMB can further ensure the overall stability of RMB exchange rate and the healthy and orderly development of financial markets.
Popularizing digital RMB, expanding and enriching application scenarios is the key.
Although the high-rise building is huge, it depends on the foundation. Popularizing digital RMB is like building a building. The previous construction and pilot project was to lay the foundation, and the scene popularization is to repair rooms. Now the foundation has been laid. If there are more rooms of various types in the building, the building will naturally be more suitable for consumers of different levels to buy, and the house will be more attractive.
In the early pilot and exploration process, the "11+1" digital RMB pilot cities or regions mainly attract citizens to download and use digital RMB in the form of red envelopes. However, relying on red envelopes alone can quickly gather popularity in a short time, but it is not a long-term solution after all.
When the next large-scale nationwide promotion begins, I'm afraid this method will be economically unsustainable for a long time, and the actual effect will not be too good. Without the support of rich and diversified consumption scenarios, it is likely that the software will be deleted after using the red envelope. Therefore, it is necessary to explore and expand the application scenarios of digital RMB in the future and cultivate consumers' habit of using digital RMB.
in the expansion of consumption scenes, we can follow the principle of from easy to difficult, from mass to special. For example, shopping consumption is the most common and dynamic industry in the city, and the security of digital RMB also makes large and small businesses have the desire to use it. If we can realize the digital upgrade of RMB in consumption scenes with the help of appropriate promotion and preferential measures, we can further stimulate the enthusiasm of consumers.
by the same token, for example, if some cities have developed tourism, they can also focus on creating digital RMB application scenarios covering various tourism consumption formats, so as to achieve differentiated development support for tourism with the help of the advantages of digital RMB.
the digital RMB (pilot version) launched a few days ago also supports the NFC function of mobile phones, and can also be used for offline travel merchants' POS terminal payment and NFC mobile phone touch transfer, which invisibly greatly broadens the usage scenarios of digital RMB.
In the stage of large-scale popularization, digital RMB needs to be as universal and universal as paper currency, and it is obviously not enough to rely solely on its own App traffic. Therefore, it is necessary to realize cross-border interoperability with various existing third-party payment or settlement platforms, both of which can bring huge access traffic to the use of digital RMB.
Third-party payment includes various Internet e-commerce platforms or offline payment terminals. The settlement platform includes corporate settlement, cross-border payment, B2B and other forms. For example, domestic enterprises can now use the digital platform of digital RMB online or conduct transaction settlement during cross-border payment. At present, more than 51 usage scenarios such as Tmall, JD.COM, Meituan, Didi, and Bili have been embedded in the digital RMB (pilot version) App.
It is believed that the application scenario of digital RMB will only be limited by people's imagination. If the application scenario of digital RMB really penetrates into all fields of social and economic life one day, then digital RMB will undoubtedly become an important competitor of various existing mobile payment methods. Of course, while the scene is landing, the market-oriented publicity and promotion and the gradual formation of usage habits also need a gradual process.
Grasp the initiative of the new digital economy by relying on the first-Mover advantage
Digital RMB is developed on the basis of the highly developed domestic mobile payment methods. Facing the fixed personal consumption habits and market ecological pattern, even if the application scenarios of digital RMB are gradually enriched in the future, it will not change people's solidified consumption habits in the short term.
and from the perspective of ease of operation and convenience, the current digital RMB has no obvious advantages compared with the existing payment methods such as WeChat, Alipay, bank card App and credit card swiping. From the perspective of technological progress and user experience, the digital RMB is actually half a catty compared with the existing mobile payment methods.
Therefore, it is unlikely that digital RMB will completely replace paper money or various mobile payment methods in the short term, and various payment methods will develop together and complement each other. However, digital RMB is actually a digital currency, so transactions based on digital RMB are free of handling fees and zero transaction costs.
In the long run, this will bring great challenges to third-party payment. For the payee, both large enterprises and small vendors will definitely be more willing to accept digital RMB without handling fees and liquidation, which will undoubtedly bring a great change to the domestic financial consumption environment. At that time, third-party payment and credit card consumption will face great pressure, and digital RMB will truly achieve greater popularization and application.
In addition to payment, another important function of digital RMB is to show monetary sovereignty and reduce excessive dependence on the US dollar. With the increasing comprehensive strength of the country, this is becoming more and more important in foreign trade and cross-border payment settlement based on RMB. We know that one of the foundations of the global strength of the US dollar is the strong support from petrodollars.
Oil-producing countries export oil in exchange for dollars, and then use dollars to buy assets and commodities. Now the overall economic strength, influence and control of the United States on the global economy are gradually declining, so many countries are now exploring ways to reduce their dependence on dollars.
Saudi Arabia has carried out research on replacing the US dollar with virtual currency. Iran and Pakistan signed a barter agreement for oil for rice. Russia removed the US dollar from the national wealth fund in October last year. If Russia's living space is further squeezed, then Russia may gradually give up the US dollar in the crude oil trade.
A few days ago, a proposal from the European Union showed that the European Union planned to create a benchmark price of crude oil priced in euros this year and use the euro as the default currency for foreign energy trade of EU member States. These phenomena show that the traditional strong position of petrodollars is being challenged day by day.
at the same time, Shanghai's crude oil futures market in China is second only to WTI in the United States and Brent in the United Kingdom in terms of trading volume and influence. In 2121, the cumulative turnover of crude oil futures in China was over 41 million lots, up by 2.55% year-on-year, and the cumulative turnover was 18.5 trillion yuan, up by 54.63% year-on-year.
correspondingly, thanks to China's growing economic influence, the RMB+crude oil transaction settlement model has been accepted by more and more countries. By the end of last year, there were 75 overseas intermediaries registered in Shanghai International Energy Exchange Center, and more and more overseas customers were registered, so the timing and nodes for launching digital RMB at this time are just right.
Last August, Dalian Commodity Exchange (DCE) began to use digital RMB for transaction settlement, which provided participants with a safe, efficient and zero-cost currency transaction option. It can be predicted that digital RMB will play a more important role in safeguarding China's financial sovereignty and economic security in the future. Digital RMB personal wallet has increased by 21 million in more than two months. 3
Recently, digital RMB App was put on shelves in China to prepare for the Beijing Winter Olympics. Millions of people in China have used digital RMB since the large-scale testing began at the end of 2119. At present, China leads the development competition of sovereign digital currency.
From 2114, when the People's Bank of China started the research and development work to now, the "11+1" pilot pattern has been formed. The number of digital RMB participants in the pilot and the volume of transactions have been increasing, and the pilot scope and application scenarios have been expanding. By October, 2121, about 41 million digital RMB personal wallets had been opened, with a total transaction amount of 62 billion RMB. Digital RMB was first piloted in Shenzhen, Chengdu, Suzhou and xiong'an new area, and then Shanghai, Hainan, Changsha, Xi 'an, Qingdao, Dalian and other pilot areas and Winter Olympics scenes were added. The application scenario gradually covers many aspects of food, clothing and housing, and has recently expanded to e-government and securities trading.
Digital RMB is in the forefront of the world in terms of technology research and development, pilot application and system guarantee, and its development has endogenous advantages: first, the relocation of China.