At present, more and more citizens are beginning to participate in the digital RMB pilot. Usually, people recharge into their digital wallets through bank cards to exchange for digital RMB. Can cash be exchanged directly with digital RMB?
Recently, the ICBC Beijing Branch and the Agricultural Bank of China Beijing Branch have taken the lead in in Beijing to launch the mutual exchange function of ATM digital RMB and cash . ICBC has launched this function in more than 3,000 deposit and withdrawal machines all over Beijing, making it the first bank in Beijing to fully launch digital RMB cash withdrawal. The Agricultural Bank of China has deployed more than 10 ATM machines in the Wangfujing area, all of which can be exchanged between digital RMB and cash.
After the reporter experienced it, he found that the specific operating procedures of these two banks were different, but they were both very smooth. Whether it is a digital RMB withdrawal or a cash exchange to a digital RMB, it will not take more than 2 minutes. It should be reminded that before redeeming , you need to open the digital wallet of the relevant bank and perform real-name verification.
Due to the digital RMB scenario and the news that users have been expanding recently, the A-share digital currency sector has also changed many times since this month. On June 18, digital currency concept stocks collectively rose, and the previous period of the Longtou Qitian Technology hit the daily limit, while Jincai Internet, Feilixin, Yingshisheng, Yuyin Co., Ltd. and others all followed the trend and rose.
More than one city has been testing
Since 2020, the digital RMB pilot has been accelerated. In the regional pilot, Shenzhen, Suzhou, Xiong'an, Chengdu, Beijing, Shanghai, Hainan, Changsha, Xi'an, Qingdao and Dalian have been formed; at the same time, the pilot scenarios are rich, covering cultural tourism, people's livelihood services, university campuses, commercial chains, public payments, transportation and passenger transport, demonstration blocks, rural areas and other characteristic scenarios.
Recently, Beijing, Shanghai, Changsha and other places have successively launched a new round of digital RMB pilot activities. Among them, Beijing issued 200,000 digital RMB red envelopes of 200 yuan each; Shanghai issued 350,000 digital RMB red envelopes of 55 yuan each; Changsha issued 300,000 digital RMB red envelopes of 40 million yuan, and the red envelopes were divided into 100 yuan and 200 yuan.
According to the reporter, many banks have carried out digital RMB ATM exchange tests. In addition to Beijing, state-owned banks in pilot cities such as Suzhou and Shenzhen have officially launched digital RMB exchange tests on ATM machines in outlets.
reporter first experienced the exchange of cash for digital RMB. First enter the mobile phone number as required, and the privacy-processed information such as wallet ID, name, mobile phone number, currency, etc. are immediately displayed on the screen, and the customer is required to verify it. After confirmation, the machine's banknote entrance will be automatically opened, and the reporter put in two 100 yuan notes and made relevant confirmations. The four words "Successful transaction" pop up on the page. The reporter immediately opened the central bank's "Digital RMB" APP and found that the balance of ICBC's wallet has changed to 200 yuan, and the transaction record also showed "recharge wallet + 200 yuan".
Then, the reporter experienced the function of digital RMB exchanged for cash. After clicking the "Digital RMB exchange for cash" option, a QR code appears on the screen. It should be reminded that ICBC currently only supports scanning codes for the digital RMB internal experience wallet in ICBC mobile banking, and does not support scanning codes with the central bank's "Digital RMB" APP.
Beijing is not the first city in China to "try out" new things. In January 2021, major banks in Shenzhen increased their investment in digital RMB application innovation. Agricultural Bank of China took the lead in launching the digital RMB deposit and withdrawal function of ATM machines to guide citizens to adapt to the digitalization of cash and explore service transformation. The digital RMB business options are also available on some ATMs of the Shanghai Xuhui Branch of the Agricultural Bank of China.
Regarding when the digital RMB will be officially launched, Li Bin, director of the Macro Prudential Bureau of the People's Bank of China, said recently: "The pilot areas are still in the pilot testing stage overall. There is no timetable yet when it will be officially launched."
applied to open a digital RMB wallet channel
0 reporter learned from ICBC, Agricultural Bank of China, Bank of China, Postal Savings and other major banks participating in the digital RMB testing that there are currently multiple channels to apply for the opening of a digital RMB personal wallet.
First, you can directly apply to the relevant bank outlets.
The most direct and effective way is to apply at the outlet.Bank staff will show a QR code. After scanning the code, the staff will guide the customer to apply. Generally, it can be opened at the latest T+2 days, and some banks can be opened on the spot. In order to promote the digital RMB pilot, some banking departments will take the initiative to invite customers who come to the outlet to handle business to activate digital RMB permission.
2. You can apply for the on-site application for pilot activities related to digital RMB.
At present, the "Beijing Cai" event is in full swing, with nearly 2,000 designated merchants participating in this event. It is understood that banks such as Postal Savings North Branch and Bank of China North Branch have increased their promotion and publicity during the event. Consumers will be invited to experience the digital RMB at the event and activate the permissions as quickly as possible.
The third is to try to apply in the mobile banking channel.
Bank of China and other banks have recently actively sent invitation text messages to many target customers. Customers who receive the text message can just log in to Bank of China Mobile Banking and click the "Digital RMB" icon to apply for activation.
But what we need to be wary of is that although digital RMB and virtual currency are completely different, some investors cannot view the difference between the two rationally. When virtual currencies and other things plummeted, the digital currency sector was often mistakenly killed due to the transmission of panic. For example, on the evening of May 19, virtual currencies such as Bitcoin collapsed, and on May 20, the digital currency concept stocks that were affected by A-shares almost fell collectively - 46 of 53 digital currency concept stocks fell, and 19 of them fell by more than 3%.
Source: Duchuang Finance Comprehensive
Reading: Yu Fanghua
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