JD.com's pilot program has begun. Will the central bank's digital currency lead the world?
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The People's Bank of China commented that China needs to become the first digital cash to internationalize the renminbi and reduce its dependence on the US dollar payment system. China Business Daily said: The People's Bank of China Digital Cash Research Institute will cooperate with JD.COM to promote the ecological construction of the central bank's digital cash wallet. The partnership between the People's Bank of China and JD.COM aims to promote online and offline payments, and the development of "central bank digital cash wallets".
Prior to this, there were reports that the central bank’s digital cash had been piloted in relevant departments and companies in some regions. Earlier this month, China Construction Bank opened the registration channel for its central bank's digital cash wallet to the public, but then closed it again.
After the adverse impact of the epidemic on the economy this year, the focus of global central banks on digital cash has changed. Therefore, more countries have joined the research and experiment of central bank digital cash.
Reuters quoted an article published by the People's Bank of China in China Finance as saying that the right to issue and control digital cash will become a "new battlefield" for competition among nations. Reuters reported: "China has many advantages and opportunities for issuing bonds, and the issuance of central bank digital cash may lead the world." The advantages of the People's Bank of China digital cash include its first-mover advantage and an increasing number of Internet users.
By the end of 2019, the number of Internet users in China reached 100 million, and the national Internet penetration rate reached %, of which mobile Internet users reached 100 million (accounting for% of Internet users).
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