Promote the innovation of payment system: Digital RMB provides a brand-new payment tool for the central bank, which can conduct transactions quickly and safely through mobile devices. This will help to promote the innovative development of the payment system and improve the payment efficiency and user experience.
Strengthen the stability of the financial system: the introduction of digital RMB enables the central bank to better monitor and manage the currency circulation and reduce the risk of cash circulation. The transaction records of digital RMB and the connection with the identification system also help to prevent money laundering and other illegal activities.
Promote financial inclusion and the development of digital economy: Digital RMB can provide a wider range of financial services for people without bank accounts, including payment and financial instruments, and promote financial inclusion. In addition, digital RMB can also promote the development of digital economy, promote online consumption and e-commerce.
Improve payment security and privacy protection: The design of digital RMB considers the factors of payment security and personal privacy protection. When trading in digital RMB, anonymity and encryption can be realized, providing a higher level of payment security and privacy protection.
Promote currency internationalization: The introduction of digital currency by the central bank can also promote RMB internationalization. Through the convenience and availability of digital RMB, the use and acceptance of RMB in the world can be increased.