[Explanation] What is a digital renminbi?

What can be done with digital renminbi?

On September 6, a reporter from China News Agency visited the financial exhibition area of ​​the Service Trade Fair and recorded the new application scenarios of the digital RMB with the lens.

　　At this service trade fair, many banks in the financial exhibition area installed digital RMB experience devices.

Digital renminbi coffee machines, digital renminbi ski experience machines, digital renminbi vending machines, and a variety of scenarios also allow people to truly experience the speed and convenience of digital renminbi consumption.

　　[Concurrent] Exhibitor Zhang Jianying

　　A few days ago, I heard that there is a digital renminbi avenue in the service trade fair. We came over and found the China Construction Bank (digital renminbi coffee machine) to experience it. It was very convenient and fast.

　　[Concurrent] Gao Bo, General Manager of Innovation Department, Beijing Branch of China Construction Bank

　　In the special exhibition hall, we have set up some digital RMB experience devices, including vending machines, including coffee machines for self-service consumption, and dual offline payment devices suitable for non-network conditions, including us. Card (hard) wallets and special-shaped (hard) wallets.

There is also a whitelist for us to quickly open a digital renminbi (wallet), and we have all deployed tools for this experience.

　　[Explanation] According to reports, different from third-party platforms, digital renminbi is a digital form of legal tender issued by the People's Bank of China, which is equivalent to banknotes and coins.

　　In addition, the digital renminbi has dual offline payment functions, which also expands the service channels of the digital renminbi, allowing the public to realize deduction payments even in the case of poor internet.

　　[Concurrent] Exhibitor Tang Xuan

　　On the one hand, payment, on the other hand, it is possible to transfer money between friends, that is, the application scenario is the same or more convenient than all current payment methods.

It is mainly used in places where there is no signal, such as underground parking lots or places where the signal is not good. Its application may be more practical.

　　[Concurrent] Ma Zhidan, a digital RMB equipment manufacturer

　　Through this exhibition, the next step (digital renminbi coffee machine) will be (cooperate) with various chain cafes and coffee shops across the country.

Including the vending machines we are currently putting in place, universities, government agencies, and enterprises and institutions must have an in-depth cooperation, (equipment) to pay through digital renminbi.

　　[Explanation] As of June 30, 2021, there have been more than 1.32 million digital RMB pilot scenarios, covering multiple key livelihood areas.

　　At present, the digital RMB system research and development, product design and pilot promotion are still in the process of continuous advancement.

Gaobo said that in the future, it will also explore more application environments and payment scenarios for the digital RMB.

　　[Concurrent] Gao Bo, General Manager of Innovation Department, Beijing Branch of China Construction Bank

　　The digital renminbi is currently in the process of pilot application. We now mainly use the transportation just mentioned on the C-side, our clothing, food, housing, transportation, travel, entertainment, and education.

In the future, I think the application areas of digital RMB are still very broad.

The digital renminbi is in our entire B2B field, that is, the field of corporate transactions between our business owners and business owners. In many of these public utility payment fields in our future, it will have many updated applications. There are more new attempts to use the digital RMB smart contract technology.

　　[Explanation] At this service trade fair, a digital renminbi avenue was also set up outside the Shougang Park.

Digital RMB Avenue brings together cultural and creative, unmanned supermarkets, mobile convenience stores, arts and crafts, best-selling books and other consumer scenes, allowing people to experience the convenience of digital currency shopping on-site, and increasing public awareness of digital RMB.

　　Reporter Xu Pengpeng reports from Beijing

Editor in charge: 【Luo Pan】