What is the English abbreviation of RMB digital currency?

e-CNY。 The abbreviation is tentatively set as e-CNY according to the international usage practice. It is a legal tender in digital form issued by the People's Bank of China, operated by designated operating institutions and publicly convertible to the public. Based on the generalized account system, it supports the loose coupling function of bank accounts. It is equivalent to paper money coins, has value characteristics and legal compensation, and supports controllable anonymity.

The concept of digital RMB has two key points. First, digital RMB is legal tender in digital form; Another point is that it is equivalent to paper money and coins. Digital RMB is mainly located in M, that is, cash and coins in circulation. Mainly aimed at cash payment voucher (M), which will be deposited with physical RMB * * * for a long time. It is mainly used to meet the public's demand for digital cash and help inclusive finance.

as of December 17th, 222, the digital RMB APP shows that the pilot scope has been expanded again. On the one hand, Shenzhen, Suzhou, xiong'an new area and Chengdu expand to Guangdong, Jiangsu, Hebei and Sichuan respectively; On the other hand, Jinan, Shandong, Nanning, Guangxi, Fangchenggang, Kunming, Yunnan and Xishuangbanna were added as pilot areas. Up to now, * * * has 17 provincial administrative regions or some cities to carry out digital RMB pilot projects.

On March 6th, 223, WeChat payment function was added to the fast payment management of digital RMB APP (pilot version). Users can choose to pay with digital currency wallet when they pay in scenes such as WeChat applet. It is also the second largest payment platform that can be opened in the digital RMB App, second only to Alipay.

how is the digital RMB used?

Digital RMB requires users to use a dedicated digital RMB mobile phone APP, open their personal digital wallets, and scan the code to pay at the merchant. In addition, the digital RMB can also select and set a small amount of non-confidential function. Digital RMB is the legal tender in China, which has exactly the same function as RMB, except that it is digital and no longer a real currency.