Transactions are more secure, and can be paid without internet
It's time to consider starting a digital currency wallet
56 billion yuan
Since last year, my country has taken the lead in launching digital RMB pilot projects in Shenzhen and other places.
As of October 22 this year, my country's digital RMB pilot scenarios have exceeded 3.5 million, and a total of 140 million pilot scenarios have been opened, with a transaction amount of approximately 56 billion yuan.
The digital currency wallet is here.
Recently, my country's self-developed "China Chip" digital currency wallet has passed relevant tests.
The product can be unlocked by fingerprint recognition, and supports functions such as digital currency receipt and payment, balance inquiry, transaction information display, and loading of health codes.
Mu Changchun, director of the Digital Currency Research Institute of the People’s Bank of China, once said that the future use of digital currency wallets may be like this: as long as you have digital renminbi digital wallets on your mobile phones, you don’t even need the Internet, as long as your mobile phones have electricity. , With the "touch" of two mobile phones, the digital renminbi in one person's digital wallet can be transferred to another person.
Digital currency is becoming the general trend
The so-called digital currency wallet is a storage medium for digital currency.
There are many types of digital currencies. The digital renminbi that the central bank is piloting is a specific application form of digital currencies. Individuals and corporate users can open digital renminbi wallets at operating institutions designated by the People’s Bank of China for digital renminbi exchange and storage. , Circulation and other payment and settlement services.
Digital currency wallets can be divided into soft wallets and hard wallets.
Digital currency soft wallets are mobile apps and various software development kits, etc.; digital currency hard wallets store the keys associated with digital assets in a single chip, which is isolated from the Internet to ensure the security of digital assets.
"With the development of digital technologies such as blockchain, digital currency wallets have emerged in order to store encrypted currencies more privately and safely and facilitate the use of encrypted currency transactions. When digital currency transactions are carried out, digital currencies need to be stored in relatively Safe equipment to ensure the safety of transactions and data." said Liu Biao, senior vice president of Jinbangda Co., Ltd.
“my country’s digital currency has the same technical characteristics as blockchain technology, such as traceability and non-tamperability. However, as legal tender, the central bank’s digital currency has national credit endorsement, which is equivalent to legal tender and has legal compensation. Therefore, the central bank Digital currency is destined to be different from the decentralization of Bitcoin and other digital currencies." Liu Biao said, "Digital currency itself is designed based on a cryptographic algorithm, which cooperates with the protection capabilities of high-security chips in hard wallets, and is more The software encryption technology is more secure."
At present, the research and development of digital currency has become one of the important tasks of central banks of various countries.
The issuance and landing of digital renminbi in my country is also accelerating. Since 2020, the People’s Bank of China has successively launched multiple rounds of digital renminbi in Shenzhen, Guangdong, Suzhou, Jiangsu, Xiong’an New District, Chengdu, Sichuan, etc., as well as in the Beijing Winter Olympics scene. RMB pilot and testing work.
Since last year, my country has taken the lead in launching digital RMB pilot projects in Shenzhen and other places.
As of October 22 this year, my country's digital RMB pilot scenarios have exceeded 3.5 million, and a total of 140 million pilot scenarios have been opened, with a transaction amount of approximately 56 billion yuan.
Not long ago, the People’s Bank of China issued a notice stating that from March 1 next year, personal collection codes on platforms such as WeChat and Alipay will be prohibited from being used for business collections, and personal static collection codes for remote non-face-to-face collections will be prohibited. To prevent criminals from stealing users’ personal information and account funds.
This series of measures indirectly promoted the development of digital currency.
Will not change the current payment ecology
"Digital currency wallets are more secure and run faster. In the final analysis, common payment methods are corporate actions, and to a certain extent, there are hidden dangers in data leakage and information security. The digital renminbi issued by the central bank is legal tender and belongs to government actions. , That is, the public's relevant transaction information can only be controlled by the central bank, which is more secure." Liu Biao said that common payment methods generally only display the transaction amount, and you need to activate mobile banking SMS notification or log in to the App to check the balance.
The digital currency wallet can conveniently and real-time check the balance, ensuring that the user knows the transaction situation at a glance.
Not only that, traditional cross-border payment services have been facing problems such as high payment fees and long settlement cycles. The application of digital currency wallets can greatly reduce the handling fees and time costs of cross-border trade.
"In the future, users can open digital currency wallets just like applying for ordinary bank cards. And digital currency wallets can achieve'one person, one card' to prevent accidental swipes. In addition, compared with software wallets, digital currency wallets are offline It can also realize convenient payment anytime and anywhere, alleviating the dilemma of elderly people who do not use or dare not use electronic products in the digital age. The card also supports the function of loading health codes to facilitate people's normal travel under epidemic prevention and control." Liu Biao told Journalist of Science and Technology Daily.
So, will digital currency wallets change the current payment ecology?
"Digital currency wallets do not have much impact on the current payment environment. The biggest impact is that there is another payment method in daily life. This payment method has been upgraded, more convenient and safer." Liu Biao said.
The landing scene will become more and more abundant
At present, the digital RMB pilot provinces and cities basically cover the Yangtze River Delta, the Pearl River Delta, the Beijing-Tianjin-Hebei region, the central region, the west, the northeast, and the northwest. Some regions have also introduced digital RMB red envelope consumption stimulus measures to attract consumers' attention.
During the interview, the reporter was informed that in Shanghai, Shenzhen, Chengdu and other digital renminbi test areas, multiple consumption scenarios have been formed, such as vegetable markets and shopping malls.
For example, UnionPay Commercial Co., Ltd. completed the deployment of digital renminbi in multiple scenarios in Shanghai in October this year, providing a full set of digital renminbi solutions in application scenarios such as Longhua Temple, Sinopec's first gas station, and Hongqiao community AI canteen.
As of October this year, UnionPay Commerce has accepted 55,000 digital RMB merchants across the country.
In the view of industry insiders, the application scenarios of digital renminbi will be further popularized in the future, and in the process, third-party payment institutions will face challenges from user competition and data management.
The popularization of digital renminbi will bring new development opportunities for digital currency wallets.
"With the further extension of digital currency usage scenarios, the further cultivation of public transaction habits, and the wide application of cross-border payments in my country, it is believed that digital currency wallets can become the mainstream payment method in the near future." Liu Biao said.
Mu Changchun said that although the current pilot project has been running quite smoothly, the construction of the acceptance environment is still in progress, and it is necessary to reform and upgrade the acceptance system for all merchants.
He said that it is necessary to improve the user experience through diversified, intelligent and customized wallet options, as well as a wide range of use cases.
Related Links
Various different digital currency wallets
You can think of a digital currency wallet as a locked piggy bank. Everyone can deposit money in it, but only those who have the key can unlock the lock and withdraw money. The wallet address (equivalent to the location of the piggy bank) can be safely published in On the Internet, anyone can transfer money to you through the wallet address, but the private key (equivalent to the key of the piggy bank) is killed and no one can be told.
There are many forms of digital currency wallets, and the digital currency assets supported by different wallets are different. You can choose a wallet that suits you according to your needs.
Full-node wallet: In addition to saving the private key, it also saves the data of all blocks, so that the validity of the transaction data can be directly verified locally.
Can be completely decentralized.
Full-node wallets have better privacy, are more secure and reliable, and can verify transaction information faster.
However, the full-node wallet will take up a lot of hard disk space, and data needs to be synchronized before each use. The experience of the novice is not good enough, and it does not support multiple digital assets.
Light wallet: It does not save the data of all blocks, only the data related to itself, so the volume is small.
Light wallets can run on computers, mobile phones, web pages and other places, and can basically achieve decentralization.
For novices, the light wallet is easy to operate and has a good user experience, and light wallets generally support a variety of digital assets.
Centralized wallet: does not rely on the Bitcoin network, all data is obtained from its own centralized server.
The centralized wallet is simple and easy to operate, even if the password is forgotten, it can be retrieved, and the transaction efficiency is very high, and the account can be received in real time.
But the private key is controlled by the platform, so you cannot stop the platform from "doing bad things", and your coins will be gone after the platform is closed.