1 thought on “Talk about Digital RMB ｜ Digital RMB vs Alipay WeChat: Parallel or replacement?”
Chris
Digital Renminbi (DC/EP) "Exit", how will the future payment field usher in the field of payment? "The scale of private payment institutions like WeChat and Alipay has a larger scale on the protection of user privacy and market fair competition. DC/EP helps to alleviate these impacts." Wanxiang blockchain and Platon Chief Economist Zou Chuanwei said to Peng Mei News. In this upcoming change, can the three -party payment such as Alipay and WeChat payment be well settled? Whether the third -party payment will be impacted If in the prospectus announced by Alipay's parent company Ant Group, the central bank's digital currency may bring. The Ant Group stated that the company actively participated in digital RMB research and development tests and prepared in the internal closed pilot testing of the Winter Olympic Games scenes in Shenzhen, Suzhou, Xiong'an, Chengdu, and future Winter Olympics. Ant Group said that digital RMB is still in the pilot test stage, and related product design and institutional arrangements are still iterating and improving. It is reported that when the digital RMB is officially launched without a timetable, it is difficult to evaluate the impact of the work on the company's business, financial status and business results. Mu Changchun, director of the Institute of Digital Currency of the Central Bank, stated in a public class that the central bank's digital currency will not affect the status of Alipay and WeChat. Because Alipay and WeChat are also using RMB payment, in fact, they are paid with deposit currency of commercial banks. After the launch of the central bank's digital currency, it was only replaced by digital RMB, that is, the central bank's deposit currency. Although the payment tool changed and the functions increased, the channels and scenes did not change. "The central bank's digital currency is still a (system) that has not been fully formed. The current entry point is cash. When you have not stood up, you will be shouted prematurely to replace the other parts. Strategic changes will impact and influence the existing payment scenarios in the society, "said the associate professor Wang Zhicheng, an associate professor at the Guanghua School of Management, Peking University. It is very easy for a correct starting point to further expand the replacement of M1 (narrow currency) after successful operation. " He believes that M1 is a living period. Now WeChat and Alipay are based on a living account. After the digital currency comes out in the future, the digital currency comes out in the future. Everyone must also hope that there is a corresponding current account, so the central bank's digital currency will definitely be connected with the current period. There is a problem with interest on the same period. This bank is also easy to do interfaces, so it should be easy to realize from M0 to M1. Li Lihui, the former president of Bank of China and the leader of the blockchain research team of the China Internet Financial Industry Association, said in an exclusive interview with China Daily that whether the central bank's digital currency can replace third -party payment mainly depends on its convenience and reliability Sexual and safety, as well as operation and maintenance and use costs. If the pilot is pilot, the application of digital currencies can reach a certain scale, and whether it can replace third -party payment in the future is a process of market selection. Li Lihui said: "From the perspective of the current design, the replacement of bank cards to a certain extent may be a more certain trend to a certain extent. It is expected that the central bank's digital currency will be for a long time and mature for a long time and mature. The third -party payment platform is parallel, becoming the main payment tool, not a substitution effect quickly. " Which aspects may be affected? Teng Jianpeng, a professor at the School of Finance Law and director of the Fintech Rule of Law Research Center, pointed out that third -party payment institutions have three types of businesses in the future or are affected by the central bank's digital currency. One is the payment business licensed by the central bank; Derivative businesses, such as the sales port of financial products such as currency funds; the third is to rely on credit reporting and risk control related businesses derived from payment data information. For example, sesame credit scores related to Alipay are currently closely related to Alipay. He believes that if the data generated by users based on digital currency in the future is provided to the central bank only (guarantee "controlled anonymous"), the expansion of the above -mentioned business of third -party institutions will inevitably face great dilemma. Deng Jianpeng said that according to the current information, the central bank digital currency supports chip card swiping card and mobile phone near -field communication method (NFC) in the future. It can be predicted that the payment convenience of the central bank's digital currency is high. More importantly, the central bank's digital currency enjoys the central bank's credit endorsement and has higher credit. If the central bank's digital currency wallet is completely independent of a third -party payment institution and does not open the interface to a third -party payment institution, part of the third -party payment institution is likely to be replaced in the future. "Therefore, third -party payment institutions should participate in the issuance mechanism of the central bank's digital currency in a timely manner. A strong third -party payment institution should strive to be similar to the Industrial and Commercial Bank of China in the digital currency issuance mechanism. Commercial banks cooperation with status. "He wrote in the article. Where is the advantage of the central bank's digital currency In the difference between the central bank's digital currency and Alipay, WeChat payment, etc. What is the difference? Mu Changchun stated in a public class that, first of all, from legal power, the effectiveness and security of DC/EP is the best. WeChat and Alipay have not reached the same legal status and security in the law. Level. Secondly, Mu Changchun pointed out that the central bank's digital currency can be paid without the network. It is called "double offline payment", which means that both parties to the income and expenditure are offline and can also pay. As long as the mobile phone has electricity, even if the entire network is broken, payment can be achieved. Is Li Lihui also stated in an interview with China Daily that compared with the third -party payment platform that is currently widely used, such as Alipay and WeChat payment, the biggest difference between digital RMB is that it uses the "account loose coupling digital wallet" model. Essence In this model, no bank account is required, which can meet the offline transactions when the user face face face -to -face, that is, the two parties of the transaction can close the terminal device to each other and use the near -field communication function to achieve value exchange. This is also the digital number. Compared with a third -party payment, the currency is an important breakthrough. In addition, in terms of large payment, digital currencies may also have a certain breakthrough. Wang Zhicheng also mentioned that offline payment is the biggest feature of the central bank's digital currency. He said that the central bank's digital currency and Alipay and WeChat payment functions are very similar. In terms of retail, these two payments have passed for many years and the market inspection of the market. In their respective fields, user friendship and other aspects are relatively complete. So in these aspects, the central bank's digital currency is not enough to learn them. It may need to break through in the payment channel in more scenarios, in the payment channels. In addition, for the areas where the central bank's digital currency can be done but third -party payment cannot be covered, Wang Zhicheng said that digital currencies may be very connected with the connection of digital assets in the future, which is equivalent to buying things and selling things. The same medium is used, and things with similar media will have a good degree of matching, and it is easy to be accepted by everyone. "In the future, any financial products and transactions between virtual assets will be used. It's far higher than the current third -party payment. " is offline or big problem " The offline thing seems to be simple, I think this is the big problem that the central bank's digital currency is launched will face a large problem. "Wang Zhicheng said. He said that on the payment channel, the problem of switching between offline to online is not as simple as imagined. This problem is more difficult to solve when the digital currency is offline to the online stage. Due to the easy replication and modification characteristics of data and electronicization, there are many problems in terms of security and conditions for offline stages. For example, the time limit of the offline setting time, the time limit for setting back and the anti -money laundering and security have a lot to do. "You can monitor the payment process, but if the device is offline for a long time, tens of thousands of dollars are packaged with multiple digital wallets, and the flight mode will be offline. Offline of the year, you can't reconcile for a long time. If the setting time is too short, it is easy to accidentally hurt in reality. Some temporarily leave or go abroad, and if you have an authority for a while, you will hurt the authority of the legal currency. In the middle of several mobile phones, if there are many transactions in the middle of the middle, how to trace the transactions, some transactions are legal, and some trading links are illegal. After a long time, consumer goods have long been consumed, how to recover. "He said. Wang Zhicheng said: "The ideal state is to track through digital currencies, but once it is allowed to be offline, or even long -term offline, where to chase?"
Digital Renminbi (DC/EP) "Exit", how will the future payment field usher in the field of payment?
"The scale of private payment institutions like WeChat and Alipay has a larger scale on the protection of user privacy and market fair competition. DC/EP helps to alleviate these impacts." Wanxiang blockchain and Platon Chief Economist Zou Chuanwei said to Peng Mei News.
In this upcoming change, can the three -party payment such as Alipay and WeChat payment be well settled?
Whether the third -party payment will be impacted
If in the prospectus announced by Alipay's parent company Ant Group, the central bank's digital currency may bring. The Ant Group stated that the company actively participated in digital RMB research and development tests and prepared in the internal closed pilot testing of the Winter Olympic Games scenes in Shenzhen, Suzhou, Xiong'an, Chengdu, and future Winter Olympics. Ant Group said that digital RMB is still in the pilot test stage, and related product design and institutional arrangements are still iterating and improving. It is reported that when the digital RMB is officially launched without a timetable, it is difficult to evaluate the impact of the work on the company's business, financial status and business results.
Mu Changchun, director of the Institute of Digital Currency of the Central Bank, stated in a public class that the central bank's digital currency will not affect the status of Alipay and WeChat. Because Alipay and WeChat are also using RMB payment, in fact, they are paid with deposit currency of commercial banks. After the launch of the central bank's digital currency, it was only replaced by digital RMB, that is, the central bank's deposit currency. Although the payment tool changed and the functions increased, the channels and scenes did not change.
"The central bank's digital currency is still a (system) that has not been fully formed. The current entry point is cash. When you have not stood up, you will be shouted prematurely to replace the other parts. Strategic changes will impact and influence the existing payment scenarios in the society, "said the associate professor Wang Zhicheng, an associate professor at the Guanghua School of Management, Peking University. It is very easy for a correct starting point to further expand the replacement of M1 (narrow currency) after successful operation. "
He believes that M1 is a living period. Now WeChat and Alipay are based on a living account. After the digital currency comes out in the future, the digital currency comes out in the future. Everyone must also hope that there is a corresponding current account, so the central bank's digital currency will definitely be connected with the current period. There is a problem with interest on the same period. This bank is also easy to do interfaces, so it should be easy to realize from M0 to M1.
Li Lihui, the former president of Bank of China and the leader of the blockchain research team of the China Internet Financial Industry Association, said in an exclusive interview with China Daily that whether the central bank's digital currency can replace third -party payment mainly depends on its convenience and reliability Sexual and safety, as well as operation and maintenance and use costs. If the pilot is pilot, the application of digital currencies can reach a certain scale, and whether it can replace third -party payment in the future is a process of market selection.
Li Lihui said: "From the perspective of the current design, the replacement of bank cards to a certain extent may be a more certain trend to a certain extent. It is expected that the central bank's digital currency will be for a long time and mature for a long time and mature. The third -party payment platform is parallel, becoming the main payment tool, not a substitution effect quickly. "
Which aspects may be affected?
Teng Jianpeng, a professor at the School of Finance Law and director of the Fintech Rule of Law Research Center, pointed out that third -party payment institutions have three types of businesses in the future or are affected by the central bank's digital currency. One is the payment business licensed by the central bank; Derivative businesses, such as the sales port of financial products such as currency funds; the third is to rely on credit reporting and risk control related businesses derived from payment data information. For example, sesame credit scores related to Alipay are currently closely related to Alipay.
He believes that if the data generated by users based on digital currency in the future is provided to the central bank only (guarantee "controlled anonymous"), the expansion of the above -mentioned business of third -party institutions will inevitably face great dilemma.
Deng Jianpeng said that according to the current information, the central bank digital currency supports chip card swiping card and mobile phone near -field communication method (NFC) in the future. It can be predicted that the payment convenience of the central bank's digital currency is high. More importantly, the central bank's digital currency enjoys the central bank's credit endorsement and has higher credit. If the central bank's digital currency wallet is completely independent of a third -party payment institution and does not open the interface to a third -party payment institution, part of the third -party payment institution is likely to be replaced in the future.
"Therefore, third -party payment institutions should participate in the issuance mechanism of the central bank's digital currency in a timely manner. A strong third -party payment institution should strive to be similar to the Industrial and Commercial Bank of China in the digital currency issuance mechanism. Commercial banks cooperation with status. "He wrote in the article.
Where is the advantage of the central bank's digital currency
In the difference between the central bank's digital currency and Alipay, WeChat payment, etc. What is the difference?
Mu Changchun stated in a public class that, first of all, from legal power, the effectiveness and security of DC/EP is the best. WeChat and Alipay have not reached the same legal status and security in the law. Level.
Secondly, Mu Changchun pointed out that the central bank's digital currency can be paid without the network. It is called "double offline payment", which means that both parties to the income and expenditure are offline and can also pay. As long as the mobile phone has electricity, even if the entire network is broken, payment can be achieved.
Is Li Lihui also stated in an interview with China Daily that compared with the third -party payment platform that is currently widely used, such as Alipay and WeChat payment, the biggest difference between digital RMB is that it uses the "account loose coupling digital wallet" model. Essence In this model, no bank account is required, which can meet the offline transactions when the user face face face -to -face, that is, the two parties of the transaction can close the terminal device to each other and use the near -field communication function to achieve value exchange. This is also the digital number. Compared with a third -party payment, the currency is an important breakthrough. In addition, in terms of large payment, digital currencies may also have a certain breakthrough.
Wang Zhicheng also mentioned that offline payment is the biggest feature of the central bank's digital currency. He said that the central bank's digital currency and Alipay and WeChat payment functions are very similar. In terms of retail, these two payments have passed for many years and the market inspection of the market. In their respective fields, user friendship and other aspects are relatively complete. So in these aspects, the central bank's digital currency is not enough to learn them. It may need to break through in the payment channel in more scenarios, in the payment channels.
In addition, for the areas where the central bank's digital currency can be done but third -party payment cannot be covered, Wang Zhicheng said that digital currencies may be very connected with the connection of digital assets in the future, which is equivalent to buying things and selling things. The same medium is used, and things with similar media will have a good degree of matching, and it is easy to be accepted by everyone. "In the future, any financial products and transactions between virtual assets will be used. It's far higher than the current third -party payment. "
is offline or big problem
" The offline thing seems to be simple, I think this is the big problem that the central bank's digital currency is launched will face a large problem. "Wang Zhicheng said.
He said that on the payment channel, the problem of switching between offline to online is not as simple as imagined. This problem is more difficult to solve when the digital currency is offline to the online stage. Due to the easy replication and modification characteristics of data and electronicization, there are many problems in terms of security and conditions for offline stages. For example, the time limit of the offline setting time, the time limit for setting back and the anti -money laundering and security have a lot to do.
"You can monitor the payment process, but if the device is offline for a long time, tens of thousands of dollars are packaged with multiple digital wallets, and the flight mode will be offline. Offline of the year, you can't reconcile for a long time. If the setting time is too short, it is easy to accidentally hurt in reality. Some temporarily leave or go abroad, and if you have an authority for a while, you will hurt the authority of the legal currency. In the middle of several mobile phones, if there are many transactions in the middle of the middle, how to trace the transactions, some transactions are legal, and some trading links are illegal. After a long time, consumer goods have long been consumed, how to recover. "He said.
Wang Zhicheng said: "The ideal state is to track through digital currencies, but once it is allowed to be offline, or even long -term offline, where to chase?"