Do you pay attention to the digital yuan? On January 4, 2022, the latest version of the Digital Yuan (Pilot Version) APP was launched in major app stores such as Android and Apple Mobile Phone, and a total of 12 places were piloted, including Shenzhen, Suzhou, Xiong'an, Chengdu, Shanghai, Hainan, Changsha, Xi'an, Qingdao, Dalian, and Beijing Winter Olympics scenes. At present, only customers in the pilot area and pilot scenario can register for the Digital RMB APP.
According to Nandu, as of January 9, the number of downloads of the digital yuan (pilot version) APP in Huawei's application market has soared from "less than 10,000 times" on the first day of launch to "more than 5.8 million times", triggering a wave of trial boom. According to statistics, nearly 50 well-known platforms such as JD.com, Meituan, Ele.me, Tmall Supermarket, and Didi Chuxing have been connected to the digital yuan system. Affected by this, A-share mobile payment concept stocks continue to rise, and Cuiwei shares, which are considered to be the largest beneficiaries of the digital yuan, have been up and down for five consecutive working days.
However, nandu reporter found that there are still many netizens who say they don't know what the digital yuan is. What is the difference with WeChat Pay and Alipay? What does it have to do with our daily lives?
What is the Digital Yuan?
Digital yuan is the legal digital currency issued by the central bank, with the national credit guarantee, and the renminbi enjoys the same legal status, the concept of digital yuan has two points, one is the digital yuan is the digital form of legal tender; the other point is equivalent to paper money, coins, is the cash and coins in circulation.
What is the difference with WeChat Pay and Alipay? What does it have to do with our daily lives?
According to the "White Paper on the Research and Development Progress of China's Digital Rmb" released by the central bank's official website, the design of the digital rmb takes into account the advantages of physical RMB and electronic payment tools, which not only has the characteristics of payment that is, settlement and anonymity of physical RMB, but also has the characteristics of low cost, portability, high efficiency and easy to forge electronic payment tools.
Nandu reporter learned that first of all, the digital yuan is guaranteed by state credit, and it is real money, and WeChat and Alipay are a payment tool created by the platform. In addition, in terms of payment methods, digital yuan can be used without a network, and WeChat and Alipay rely on the network for payment. If you encounter some situations without network, such as on a plane or in a mountainous area with a bad signal, you can directly use digital yuan to pay for shopping transactions.
Another point is that the digital yuan is the same as the physical renminbi management method, the People's Bank of China does not calculate interest on it, does not charge the designated operating institutions for exchange and circulation services, and the designated operating institutions do not charge individual customers the redemption and redemption service fees for the digital yuan. WeChat and Alipay need to charge a certain percentage of the handling fee when withdrawing cash.
Xinhua Photo
In terms of security, the digital yuan can better protect our privacy and property security. The digital yuan comprehensively uses digital certificate system, digital signature, secure encrypted storage and other technologies, and has the characteristics of non-illegal copying and forgery, non-tampering of transactions and anti-repudiation. Moreover, the transaction information collected is less than that of traditional electronic payment models such as WeChat and Alipay, and is not provided to third parties or other government departments unless there are clear provisions in laws and regulations, and the People's Bank of China also sets up a "firewall" for digital yuan related information.
In addition, according to the test, when we pay to merchants, we can adjust the payment limit or cancel the sub-wallet push at any time, and the digital RMB APP will not transmit wallet and real-name information to the merchants. It is worth noting that personal digital wallets are classified and managed according to the strength of customer identification, and four types of wallet quotas are implemented. Among them, only mobile phone number registration, non-real name for four types of wallets, personal digital wallet balance up to 10,000 yuan, a single payment limit of 2,000 yuan. This greatly reduces the risk of leaking our personal information.
According to the White Paper, the security of the digital yuan is also manifested in the prevention of illegal and criminal acts such as telecommunications fraud, online gambling, money laundering, and tax evasion. Applicable to the existing anti-money laundering, anti-terrorist financing international standards and domestic legal requirements, the designated operating institutions and other commercial institutions responsible for exchange and circulation are the subjects of anti-money laundering obligations and undertake corresponding anti-money laundering obligations, including customer due diligence, customer identity data and transaction record keeping, large and suspicious transaction reports, etc.
Digital RMB APP downloads soared, and the actual measurement can be used for shopping on many e-commerce platforms
However, at present, the digital yuan (pilot version) APP is still in the routine testing stage of the research and development process. Nandu reporter learned from the "White Paper" that in 2014 Chinese Min min bank set up a legal digital currency research group, and in 2016, it established a digital currency research institute to complete the construction of the first generation of legal digital currency prototype system. At the end of 2017, with the approval of the State Council, the People's Bank of China began to organize commercial institutions to jointly carry out research and development experiments on legal digital currency.
According to Nandu's previous report, since November 2019, the digital yuan has carried out the first batch of pilot projects in the country in four regions, including Shenzhen.
Digital YUAN sub-wallets can be used in nearly 50 merchants such as JD.com and Meituan.
It is reported that at present, users can choose to open the digital RMB wallets of industry, agriculture, China, construction, communications, postal savings, china merchants, as well as online business banks (Alipay) and WeBank (WeChat Pay). After successfully opening a personal digital wallet, users can recharge the wallet through two ways: bank card recharge and mobile banking transfer, and each user wallet has a separate receipt and payment code, which supports the digital RMB receipt and payment function. The personal digital wallet has a sub-wallet service module, and if the user pushes the sub-wallet to the merchant, the payment can be made in digital yuan in the merchant's consumption scenario.
According to Nandu's previous actual testing, when shopping, push the sub-wallet to the Jingdong APP, select the goods in the Jingdong self-operated store to place an order, and the payment column will appear as a payment method of "digital yuan", which can be paid directly without password after selection. In addition to JD.com, in the sub-wallet, the optional APP also includes nearly 50 merchants such as Meituan, Ele.me, Didi Chuxing, Ctrip, SF Express, etc., covering daily payments in the fields of shopping, takeaway, online car-hailing, public transportation, electricity, and party fees.
The police have smashed the country's first money laundering gang using digital yuan
Digital yuan is a new payment transaction method, and there have been gangs that have used digital yuan to launder money. According to a piece of information released by the National Anti-Fraud Center, the Xinmi City Public Security Bureau of Henan Province, with the guidance and assistance of the Zhengzhou Municipal Public Security Bureau Anti-Fraud Center, smashed the country's first criminal gang that used digital yuan to launder money, and arrested 11 gang members in Fujian Province.
In mid-September 2021, a telecommunications network fraud case occurred in the jurisdiction of Xinmi City, Henan Province, the masses Qu received a strange phone call saying that there were quality problems with the items he purchased online, and was ready to compensate them at three times the price. In the investigation of this case, the criminal investigation brigade of the Xinmi City Public Security Bureau found that many payments flowed to a specific e-wallet, but the transaction mode of the wallet was different from the previous online payment.
In order to determine the use of the e-wallet and the use environment, the investigators successively visited commercial banks, financial institutions, third-party payment and settlement companies, under the guidance of the Anti-Fraud Center of the Zhengzhou Municipal Public Security Bureau, to find out that the funds in the e-wallet belonged to digital yuan, and then successively arrested 11 suspects involved in the case, including Lin Mou. After a surprise interrogation, in order to illegally profit, the money laundering criminal gang laundered money in digital yuan for the overseas fraud gang hiding in Cambodia to help the fraud gang evade the investigation and crackdown of the public security organs. At present, the suspect involved in the case has been criminally detained by the Xinmi City Public Security Bureau in accordance with the law, and the case is being further handled.
Comprehensive self-Chinese the official website of the People's Bank of China, the National Anti-Fraud Center, and Nandu previously reported
Finishing: Nandu reporter Li Zhiqi