Researcher: the Digital RMB Does Not Fully Use the Blockchain Technology

Abstract : There are a lot of foreign central banks promoting digital currencies that are based on the blockchain technology.

ChainDD
ChainDD

Feb 07

February 7 (ChainDD) Liu Bin, a researcher of the Reform and Development Institute of Shanghai Pudong, said in an interview that "currently the digital RMB does not fully use the blockchain technology, while there are a lot of foreign central banks promoting digital currencies that are based on the blockchain technology".

In his opinion, in order to realize the cross-border application of digital RMB, the biggest problem would be "how to be compatible with the standard system of foreign digital currencies". Besides, it also needs to build a clearing and settlement system abroad for digital RMB, and promote the application of digital RMB wallet.

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