Abstract : China's huge consumer market and consumption scenarios will provide important support for the promotion of digital RMB.
March 27 (ChainDD) On May 26, the People's Daily, an official newspaper of the government of China, published an article "The Digital RMB Is Approaching", in which it said that the digital currency was an important symbol of the development of digital economy. Therefore, many countries have started the research and development of digital currencies.
Besides, as a "new infrastructure" in the financial field, the research and development and application of legal digital currencies are important to reduce transaction costs, improve financial operation efficiency and boost the development of digital economy.
For ordinary people, the digital currency means a more convenient, efficient and low-cost payment option. In addition to being more convenient to use, the digital RMB is also of great significance in areas such as anti-money laundering and anti-terrorist financing. Meanwhile, China's huge consumer market and consumption scenarios will provide important support for the promotion of digital RMB.