Just now! The Changshu Local Financial Supervision Administration of Jiangsu Province and the Changshu Municipal Bureau of Finance issued the Notice on the Implementation of Digital RMB Distribution of Full Wages.
The notice said that starting from May, civil servants, public service personnel and personnel of state-owned units at all levels in Changshu City will implement full digital yuan payment of salaries.
Changshu became the first city in China to use digital RMB to pay civil servants, career editors and employees of state-owned enterprises full wages.
What is the difference between digital yuan and WeChat and Alipay?
Digital RMB, also known as digital RMB, is a digital form of legal tender issued by People's Bank of China based on blockchain technology, which is equivalent to current legal tenders and has legal compensation. The digital yuan is backed by national credit, which is fundamentally different from virtual currencies such as bitcoin, which also rely on blockchain technology.
Apps such as WeChat and Alipay assume the function of storage and payment, and they are an "electronic wallet".
When storing, such as WeChat balance, Alipay balance, part of the balance of the bank card is displayed in the form of data, but the actual money is still stored in the bank, if you want to obtain the corresponding amount of paper currency, you need to withdraw the bank card.
At the time of payment, it is equivalent to transferring from one e-wallet to another, and the actual path is: A bank card - A e-wallet - B e-wallet - B bank card; Every payment is made by sending money from one bank account to another via an e-wallet.
Simply put, the digital yuan itself is "money", not relying on banks, and is another legal tender that exists in addition to banknotes and coins;
WeChat and Alipay are "wallets and payment tools", used to "load" money and "give" money, what is displayed is the number, and the money in the bank card is transferred around.
What impact does the digital yuan have on the lives of ordinary people?
1. More flexible, the digital yuan has a separate APP, which can be paid in the APP, and can be recharged and withdrawn through bank cards; It can exchange data with mainstream payment wallets, such as WeChat, Alipay, Jingdong wallet, etc. have payment ports, which can be used in any electronic payment scenario.
2. More convenient, the digital yuan can support double offline payment, and it can be used normally in some places without signal, the same as paper money.
3. Smoother, some favorable support policies of the state can be paid directly to the digital yuan account, avoiding layer by layer transmission.
4. More secure, the traditional card and scan code payment will record account information on the receipt, while the account information of the digital yuan is anonymous, and only the department designated by the state has the right to view.
5. Traceability, the state-designated department can track all the links of the corresponding digital yuan circulation, such as generating 100 yuan of digital yuan in an account at a certain moment, these 100 pieces circulated into an electronic product transaction worth 3,000 yuan, and finally with a huge amount of 1 million yuan flowing into an official's account.
If the state does not issue new banknotes in the future, but instead issues digital yuan, then the assets of the country's 1.4 billion people will be transparent, and tax evasion, corruption and bribery will not be hidden.