Shanghai digital RMB pilot focuses on expanding pilot business around key business districts. At present, pilot businesses in key business districts such as Nanjing Road, Huaihai Middle Road-Xintiandi, Yuyuan Garden, Xiaolujiazui, Xujiahui, North Bund and Hongqiao International Open Hub have completed centralized transformation of digital RMB acceptance terminals, covering consumer areas such as department stores, restaurants, tourist attractions, vending, life services, home travel, cinemas and theaters. The public can check online which merchants can use digital RMB. If they get a digital RMB red envelope, they can shop after 9 am on June 5438+0 1 and use the red envelope discount.

In addition, a number of online platforms have also opened payment channels for digital RMB. For example, booking transportation, hotel tours and other products in Ctrip, placing orders in Meituan platform and Hungry Digital RMB area, and using them when purchasing self-operated goods in Suning.cn and JD.COM APP, and also supporting Didi Chuxing to use online car and bicycle scenes. There are also Box Horse Fresh Life, Tmall Supermarket, Tuniu Travel, Special Call, Star Charging, SF Express and so on. Can be settled in digital RMB.

Digital RMB, abbreviated as "e-CNY" according to international usage practice, is a legal tender in digital form issued by the People's Bank of China, operated by designated operating institutions and exchanged by the public. Based on the generalized account system, it supports the loose coupling function of bank accounts, which is equivalent to paper money and coins, has value characteristics and legal compensation, and supports controllable anonymity.

The concept of digital RMB has two key points. One is that digital RMB is legal tender in digital form; Another point is that it is equivalent to paper money and coins. Digital RMB is mainly located in M0, that is, cash and coins in circulation. Mainly positioned as cash payment voucher (M0), which will coexist with physical RMB for a long time, and is mainly used to meet the public's demand for digital cash and help inclusive finance.

R&D test has basically completed the top-level design, functional research and development, system debugging and other work, and is following the principles of stability, safety, controllability, innovation and practicality, and selecting some representative areas to carry out pilot tests.

Legal tender:

Digital RMB, issued by the People's Bank of China, is the legal tender with the ability of national credit endorsement and legal compensation.

Compared with virtual currencies such as Bitcoin, digital RMB is legal tender, equivalent to legal tender, and has the highest effectiveness and security. Bitcoin is a virtual asset, which has no value basis, does not enjoy any sovereign credit guarantee, and cannot guarantee the stability of its value. This is the most fundamental difference between digital currency, the central bank and bitcoin.