50,000 people received a big red envelope!

The digital renminbi turned out to be like this

  Sino-Singapore Jingwei Client, October 13th (Wei Wei) The digital renminbi finally revealed its true face!

On October 8, the Shenzhen Municipal Government Service Data Administration announced that it would issue 10 million digital RMB red envelopes to individuals in Shenzhen, each with an amount of 200 yuan, with a total of 50,000 red envelopes.

  On October 11, these 50,000 "lucky ones" were born.

How do the first batch of winners feel about using it?

What does the digital renminbi look like?

how to use?

Sino-Singapore Jingwei Client will find out for you.

Experience: simple interface and simple operation

  Starting at 18:00 on October 12, the winners have successively received text messages and download links of the "Digital RMB App".

Ms. Wang, who works in Shenzhen, is one of the 50,000 lucky ones.

Source of digital renminbi lottery results: provided by respondents

  "I feel very lucky to have witnessed China's digital currency era." Ms. Wang told the Sino-Singapore Jingwei Client. She found out that she had won the contract at noon on the 11th, and she also sent a message to Moments to commemorate it.

  At 18:9 on the 12th, she received the winning message from the Shenzhen Government SMS platform, prompting her to click on the link and install the "Digital RMB APP". After the installation is complete, register and log in with the mobile phone number. Personal digital wallet, you can receive 200 yuan "Reward Luohu Digital RMB Red Packet".

The user receives the digital RMB red envelope. Image source: Weibo

  Ms. Wang introduced that after following the prompts to register, set the login password and payment password, you can directly receive the digital RMB red envelope.

Swipe up to display the payment QR code, and the payment can be set to a password-free payment under 500 yuan.

Scroll down to display the QR code of the payment, and you can set any payment amount.

  "The interface is relatively simple, and the operation is relatively easy. It is similar to using Alipay and WeChat." Ms. Wang said.

  Ms. Tan, who also works in Shenzhen, also signed the digital renminbi red envelope. She showed the interface of the red envelope to the Sino-Singapore Jingwei client. You can see that the watermark on the page is displayed as "digital renminbi (beta)", and the appearance of the digital renminbi is similar to banknotes. , The upper left corner has the national emblem, the upper right corner shows the People’s Bank of China, the left side shows the denomination of 200 yuan, and the lower right corner shows the bank selected during registration.

  From the pictures posted by netizens on Weibo, it is found that the four major banks of the Industrial and Agricultural China Construction Bank have joined the digital renminbi red envelope collection service. The appearance of the digital renminbi displayed is basically the same, but the background color is different. ICBC and Bank of China are both red and the color is the same. Dark and light, the construction bank is blue, and the agricultural bank is green.

Digital RMB (beta) Image source: Weibo

Digital RMB (beta) Image source: Weibo

  According to feedback from interviewees, the APP currently has party dues payment, collection and payment functions.

In addition, click the "Wallet Management" button on the digital renminbi to display two buttons, "Deposit Bank" and "Recharge Wallet".

  The Sino-Singapore Jingwei client learned that there is no need to bind a bank card to receive and use digital RMB, but if you pay for a transaction that exceeds the amount of the red envelope, you need to use the bank card of any one of the four banks of China Gongnong Construction to the wallet during this event. Recharge or bind wallet.

  On the "Pay to Merchant" page, there are also "touch" and "money transfer" functions, which can be realized through the recipient's mobile phone number or wallet number.

However, the official notice stated that this red envelope cannot be transferred to others or redeemed to my bank account.

3389 merchants can consume

  According to the "i Shenzhen" official public account, as of 8:00 on October 11, 2020, a total of 1.9138 million individuals in Shenzhen have successfully completed the "Luohu Digital RMB Red Packet" pilot appointment registration through the "i Shenzhen" system, and finally 50,000 people won the lottery , The winning rate is only 2.61%, which shows that the public's enthusiasm for participation is high.

  It is understood that the amount of each red envelope is 200 yuan, and the winner can spend without threshold at 3389 merchants that have completed the digital RMB system transformation within the jurisdiction of Luohu District from 18:00 on the 12th to 24:00 on the 18th.

  The "Rewarding Luohu" activity area shows that the merchants participating in this pilot include shopping malls, supermarkets, life services, daily retail, catering and other types, and merchants such as Sinopec, China Resources Vanguard, Wal-Mart, and Meiyijia can use it.

  According to The Paper, in Shenzhen’s China Resources Center Vientiane City, a merchant attendant who participated in the digital renminbi red envelope pilot said that in order to realize digital renminbi payment, all participating merchants received a new POS machine device specifically for digital renminbi payment. .

The bank that the merchant connects to is Bank of China, and the Bank of China sends special personnel to check whether the system and equipment are working properly every day.

  According to the above report, Rainbow Department Store (Dongmen store) has been cooperating with ICBC. A merchant in the mall said that the system had been replaced a few months ago, and the equipment still uses the original cash register and code scanner to collect payments.

Prior to this, ICBC had sent special personnel to train cashiers on the use of digital renminbi.

  It should be noted that according to the red envelope usage rules, red envelopes that have not been used after the expiration date will be collectively recovered by the digital RMB system.

Where is the digital renminbi standing next?

  Fan Yifei, deputy governor of the People's Bank of China, recently wrote an article that the digital renminbi is a legal tender issued by the People's Bank of China in digital form.

The designated operating agency participates in the operation and exchanges to the public. Based on the broad account system, it supports the loose coupling function of bank accounts, which is equivalent to banknotes and coins, has value characteristics and legal compensation, and supports controllable anonymity.

  Fan Yifei said that the digital renminbi is mainly positioned as cash in circulation (Note: M0), which is a digital form of legal tender.

In recent years, crypto assets such as Bitcoin and global stablecoins have tried to perform their currency functions, and a new round of private currency, foreign currency and legal tender has begun.

In response to this situation, it is necessary for the country to use new technologies to digitize M0 and provide a universal base currency for the development of the digital economy.

  The advent of the digital renminbi also makes many people worry about whether banknotes will be replaced in the future.

  "Digital renminbi and other electronic payment methods will not completely replace renminbi cash." According to Dong Ximiao, the chief researcher of China Merchants Finance, China is a large developing country with different levels of regional economic development, uneven financial infrastructure, and uneven users. Diversified habits, cash payment and non-cash payment will coexist for a long time, and the diversified payment needs of users should be respected.

On the one hand, we must continue to develop non-cash payments, improve the modernization level of payments, and improve financial and economic efficiency; on the other hand, we must respect the differentiated needs of the public, and especially meet the preferences of the elderly and other groups for cash payments.

  Dong Ximiao believes that in the era of digital economy, the issue of "digital divide" deserves attention.

In the epidemic, it was discovered that some elderly people do not use health codes, or even do not have smart phones, and cannot exclude the needs of these people, and they cannot be allowed to become "digital abandoned people."

  After the pilot in Shenzhen, how will the digital RMB develop next?

Pan Helin, Executive Dean of the Digital Economy Research Institute of Zhongnan University of Economics and Law, pointed out that Shenzhen’s red envelopes are a milestone in the implementation of digital renminbi. After this important point in time, more extensive pilots and more standardized two-tier operations will follow. system.

In the next step, digital currency may begin to implement a two-tier operating system in some pilot cities, truly making digital currency an important part of cash.

(Zhongxin Jingwei APP)

All rights reserved by Sino-Singapore Jingwei. Without written authorization, no unit or individual may reprint, extract and use in other ways.