QR code It has become a necessity in our daily life.
But with Central Bank Digital RMB The introduction of QR code may become a thing of the past in the near future.
So what are the advantages of the digital RMB launched by the central bank to make the QR code feel crisis?
Digital RMB will be fully implemented
What is digital RMB?
On the surface, I believe that Digital RMB should be paid online just like QR code Third party platform 。
But in reality, that is not the case. The reason why it is called digital RMB is Digitize RMB In other words, it is to present the real RMB in the form of digital carrier.
Source: Baidu Encyclopedia: Digital RMB
However, there is still a big gap between it and WeChat Alipay. WeChat Alipay always deposits and withdraws the amount from the original account, but digital RMB deposits and withdraws cash from the bank electronic media 。
In addition to having a serious Legal tender identity The core technology behind the digital RMB also makes it unique.
Blockchain is undoubtedly the technical cornerstone of digital RMB. Through decentralized distributed ledgers and complex encryption algorithms, It can ensure the authenticity and tamper proof of every transaction record.
Digital RMB based on blockchain technology, fundamentally It eliminates the security risks faced by traditional digital payment.
actually As early as 2014, the Central Bank has begun to study digital currency , but it was not brilliant in the public's view at that time.
After years of efforts, the bright Pearl It is officially exposed in the public's view.
The launch of digital RMB not only represents that China's finance has ushered in new innovations, but also indicates that digital RMB may replace other payment methods, or even WeChat Alipay's QR code payment may be eliminated.
Then, digital RMB With what core advantages ， Has it won the favor of the central bank and the opportunity of wide promotion?
Core advantages of digital RMB
The most important thing about digital RMB is its high security This kind of security is completely unavailable when we use QR codes.
In our daily life, safety problem We have always been very concerned about it. Once our information is leaked, it will cause us great losses. However, the blockchain technology of digital RMB has completely relieved us of this concern.
When it comes to blockchain, its essence is actually a distributed ledger, Each transaction generated will be permanently synchronized to multiple nodes throughout the network Therefore, these data cannot be tampered with by anyone.
At the same time, the advanced asymmetric encryption algorithm ensures that every transaction record is encrypted, and it is impossible for others to obtain private information.
This means that once fraud or illegal transactions occur, the regulatory authorities can It is the first time to trace back to the fund's whereabouts and plug the loopholes from the source.
As a traditional payment method, not only can the consumption bill be deleted carelessly, but also the payment method cannot trace the specific transaction information.
In addition to security, digital RMB has another great advantage: Convenience 。
Nowadays, all fields are developing with it. Nowadays, young people do not carry cash and basically use mobile phone QR code to pay. However, once the mobile phone is out of power or the signal is poor, payment becomes a very difficult problem.
Digital RMB can be realized through blockchain technology "Dual offline payment" ， Whether the network coverage is poor or the power of the mobile phone is exhausted, the payment can be successfully completed.
Dual offline payment means that both parties' digital wallets are also offline Value exchange and data exchange can be conducted directly without connecting to the centralized server Once the network is restored, the wallet will be automatically linked to complete the final settlement to ensure the final consistency of the transaction.
The new payment mode of digital RMB not only breaks the dependence on mobile phone payment, but also finds that digital RMB will have a broader market.
Based on blockchain technology, digital RMB does not have an account balance ceiling. Theoretically, its circulation is unlimited, which is enough to support the huge payment demand of the whole society. In fact, By the end of 2024, it is expected that More than 70% of individuals and 90% of businesses Accept and use digital RMB.
The security and convenience of digital RMB is the core advantage, which is the key for it to stand out in the fierce competition and become the first choice for the central bank to promote.
Compared with the defects of traditional payment methods, it will undoubtedly bring a new experience to our payment life.
The impact of digital RMB on the payment industry
According to the digital RMB launched by the Central Bank this time, the issuance of digital RMB will have a great impact on the entire payment industry.
Digital RMB is bound to accelerate the pace of cash payment transformation to digital 。
As the most primitive way of payment, cash has more and more defects in modern society, such as High management cost and high circulation risk Etc.
After the emergence of digital RMB, it can not only make up for these shortcomings, but also be more convenient and safe to use, which will play a role in reducing the scale of cash flow.
Article source: Jintai Information: 2024-05-09 "Comprehensively Promoting the Scale Application of Digital RMB in the Field of Industry and Information Technology"
I believe that in the near future, Cash payment will gradually be replaced by digital currency in our life Digital RMB will also become an indispensable force in this transformation process.
We will say goodbye to the days when we queue up at the counter to withdraw cash from the ATM, or we are too busy to find change. Digital RMB can completely meet all our consumption needs, Let us become more convenient in our daily life 。
Digital RMB will also open the wave of innovation in the payment industry. Digital RMB based on blockchain technology is not only an innovation in the form of currency, but also will promote the development of financial technology and promote the continuous innovation of related products and services.
and Blockchain can also enable supply chain finance So that more capital flows can be more clearly presented and delivered to the value of realizing the real trade background, thus enhancing the financing opportunities for SMEs.
The promotion of digital RMB will also force third-party payment platforms to self innovate.
Facing the general trend of digital currency, If third-party payment platforms such as Alipay and WeChat payment are not transformed and upgraded in time, they will inevitably be eliminated by the torrent of the digital era.
To this end, they must continue to innovate in business models, technical architecture and other aspects, improve service quality and user experience, and enhance their competitiveness.
For example, the design concept of digital RMB dual offline payment can be used for reference, Break through the dependence of the network, or make great efforts in privacy protection, transaction supervision and other fields to meet the regulatory requirements.
What's your opinion on digital RMB and WeChat Alipay QR code payment?
