Digital Money Is Coming! Cell Phone Can Be Paid Without Signal.

Recently, the news of the central bank's digital currency is about to fall. People's Bank of China digital money Research Institute recently said that at present, digital R & D work is steadily advancing.

Experts explained that the digital currency issued by the central bank as a digital Renminbi cash well understood the concept of digital money.

Dong Ximiao, a special researcher of the national finance and development laboratory, can not open a bank account or pay an account. As long as you have a digital money purse, you can use the central bank digital currency.

Not only that, the central bank's digital currency uses the latest dual off-line technology, even if there is no mobile phone signal, it can still be used.

National finance and development laboratory special researcher Dong Ximiao: it can be used conveniently without a network. As long as a mobile phone equipped with digital money purse can be touched together, it can easily complete the transfer or payment.

At the same time, the central bank issued the digital currency from the circulation of banknotes and coins, that is to say, assuming that the currency is currently 100 yuan, the central bank will replace the equivalent of 100 yuan.

Peking University digital finance research center senior researcher Xu Yuan: the new digital currency and our old paper money are exchanged one by one. Now commercial banks want to get digital money, they must exchange money before, and do not increase the total amount. This is the first step.

At present, the central bank's digital currency is being tested in four places in Shenzhen, Xiong an, Chengdu and Suzhou. The central bank said that, considering that the initial digital money is limited to the pilot, there will not be a large number of issuance and comprehensive promotion in the short term, and the velocity of money circulation will also remain normal.