Since 2014，Digital RMB has completed theoretical research、Framework Design、Project R & D and other basic work，Entering the pilot test phase of continuous expansion from the end of 2019。With the orderly expansion of the pilot area and the continuous expansion of scene applications，Digital RMB's popularity and influence have significantly increased，Especially its "double -layer operation" mode、Wallet matrix and related scene ecology、Technical architecture, etc., have been fully verified。The statutory digital currency of the legal digital currency around the new retail payment infrastructure，Digital RMB played "security、GM、Planning "multiple advantages，The policy implementation of the economic and financial field has played a positive role in promoting the role，It laid a good foundation for a larger comprehensive promotion。

First，Promote inclusive finance，Serving rural revitalization。The rapid iteration and promotion of digital technology，Can significantly improve information asymmetry，Reduce the cost of financial services，thereby greatly improving the efficiency of inclusive finance。The pilot process of digital RMB in my country，Fully verified the effectiveness of digital inclusive finance。The legal digital currency as a new retail payment infrastructure，Digital RMB always uses "safety inclusive" as the primary principle。On the one hand，Digital RMB improves the visibility of financial services。Its account loose coupling design can make residents in remote areas do not need to hold traditional bank accounts，can also Bet365 app download be opened and uses digital RMB wallets，further expand the coverage of basic financial services。On the other hand，Digital RMB can alleviate the use obstacles caused by "digital gap" to a certain extent。For example，Digital RMB multi -type hardware wallets with smart watches、Bracelet、Old crutches and other wearable devices are carriers，For the elderly、Disabled people and other specific groups provide payment services，Not only widening the application scope of digital payment methods，It also reflects the value concept of digital technology humanistic care。At the same time，The inclusiveness of Digital RMB will also empower the "strengthening rural revitalization financial services"。Expansion of digital RMB application scenarios，The majority of farmers can enjoy the transaction without handling fees、Real -time receipt of funds、Convenient financial services that support "dual offline payment"; rely on low cost、High -efficiency advantages，Digital RMB can also become a direct tool for government funds，While improving the convenience and accuracy of the policy，greatly reduced the cost of targeted strong farmers benefit farmers。

Second，Proper consumption，Help the economic recovery。Existing studies，The issuance of consumer vouchers for the targeted industry can boost demand、Increase consumption、The role of stimulating the economy。In the first half of 2022，impact on the epidemic of new crown pneumonia，Governments from all over our country actively deploy stimulating the economy、Policies to promote consumption。In this process，Digital RMB pilot areas organically combine digital RMB red envelope activities with boosting consumer policy，Since June 2022，Already Bet365 lotto review Beijing、Chengdu、Guangzhou、Fuzhou、Wenzhou、Shaoxing and other places distribute digital RMB red envelopes to promote consumption，The total amount has exceeded 300 million yuan。From the perspective of the practice of activity，The distribution of digital RMB red envelopes not only play a function of traditional consumer vouchers to promote consumption，It also helps better evaluate industrial support policies，Promote the consumer market accelerated heating from the supply side and demand side，Play a positive role in expanding domestic demand and stimulating economy。The huge popularity accumulated in the early stage、Rich experience of scene exploration and the construction of digital RMB wallet ecosystem，Digital RMB's pulling effect on consumption is even more prominent。I have a point of view, think，Dipping Digital RMB red envelopes and Western countries are similar to the "helicopter sprinkle money" scheme taken by Western countries to deal with the impact of the epidemic.，It looks like the government has issued cash subsidies to residents to stimulate consumption。But the two actually exist in essence。"Helicopter Sprinkle Money" -type rescue policy Based on modern currency theory, fiscal deficit currency logic，In fact, the expansion monetary policy is implemented through the form of fiscal liabilities。But the digital RMB red envelope is essentially a fiscal subsidy or corporate benefit，will not increase the amount of currency issuance。And，Digital RMB red envelopes can also act on the consumer market and enterprise level，Tationtability of digital RMB，Improve consumer market monitoring and operating environment，Reduce corporate operating costs，Improve transaction efficiency，to achieve better policy effect。

third，Service Technology Bet365 lotto review Innovation，Help industrial upgrade。International Clearance Bank (BIS) and other institutions for the selection of digital currencies (CBDC) technology routes for central banks，Different countries、Different types of CBDC have obvious differences in the technical system structure。As a typical retail type CBDC，Digital RMB system comprehensive centralized and distributed architecture features，Forms the dual -mode coexistence of a steady -state and sensitive state、Hybrid technology architecture of centralized and distributed development，and always follow "Long -term evolution、Continuous iteration、Dynamic upgrade "technical route。In the pilot test，Digital RMB in the wallet tone matrix、Scenario expansion、Product Design、Safety encryption and cross -border usage，presents a rich technological innovation application situation，Verified my country's independent innovation ability in the underlying technology of the blockchain。Current，Technical applications represented by smart contracts are accelerating the spread，and gradually form a platform scale effect。Payment of fund management、Direct payment、Funding and other fields，Digital RMB smart contract ecological service platform will provide convenient and efficient tools for digital transformation of enterprises，In the future, more institutions will participate in research and development，to generate obvious technical overflow effect，Promote the optimization and upgrade of the relevant industrial chain supply chain。other，In the double -layer operation mode，The designated operation agency located in the middle layer、Other commercial banks、Third -party payment institution、Clear Institution、bet365 live casino games Platform enterprise and technology company, etc.，Technical principles based on digital RMB open and inclusive，can all give play to its own technical advantages and strengthen digital technology research and development。With the popularity of digital RMB，Smart Contract、Software System、Security encryption、Hardware terminal and other technical needs will also further increase，The innovative driving role of digital RMB will be more fully reflected。But it also needs to further clarify the management of digital RMB wallets、Scene fusion、related technical standards in privacy protection，Adhere to the standardized construction of the rule of law，Promote the improvement of the relevant laws and regulations and regulatory systems of digital RMB。

Fourth，Improve cross -border payment，Reduce financial risks。Research and practice of various countries indicate，CBDC can promote the dual improvement of cross -border payment in terms of efficiency and safety。Pay payment mechanism for points makes CBDC have the advantage of "payment and settlement"，It can significantly improve financial institutions for capital liquidity when cross -border payment and settlement，and reduce cross -border e -commerce settlement processing process，While improving the settlement efficiency while reducing the cost of capital occupation。CBDC's digital technology also helps improve the supervision ability of transaction settlement，to reduce various settlement risks，Improve the transparency of capital transfer。Current，Digital RMB has gradually expanded cross -border payment applications。February 2021，The People's Bank of China and the International Lleel Bank (Hong Kong) Innovation Center、Central bet365 best casino games Bank of Thailand、The multilateral central bank digital currency bridge (MCBDC Bridge) project jointly initiated by the Central Bank of the UAE and the Hong Kong Financial Administration，It is mainly for high cost、Low speed and complex operating pain points，Design and iteration of new generation of high -efficiency cross -border payment infrastructure。November 2021，MCBDC Bridge project Starts cross -border trade settlement、Cross -border e -commerce、15 application scenarios such as supply chain finance，22 domestic and foreign financial institutions participate in test，The total transaction value exceeds 2 billion yuan。Because the existing cross -border payment system is based on the Global Bank of China Financial and Telecommunications Association (SWIFT) as the core，Digital RMB applications can reduce dependence on SWIFT，Further promote the internationalization process of RMB。Future，The application scenarios of Digital RMB in cross -border payment will continue to improve，It is of great significance for improving the international competitiveness of RMB and maintaining the security of my country's financial system。

Through long -term comprehensive research and development, design, and stable and orderly pilot practice，The operating framework of Digital RMB not only effective in preventing relevant risks and potential impact，Policy implementation of the economic and financial field also has a positive effect。Future，Promote digital RMB from pilot testing smoothly to comprehensive promotion，still need to be marketized、rule of law、Standardized、Sustainability and other aspects of further effort，Focus on the construction of differentiated scenarios in different areas，The design of the specific bet365 Play online games mechanism of optimizing the double -layer operation system，Continuously improved digital RMB technical standards，so as to consolidate my country's world leading position in the CBDC field。

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(Author Unit: National Institute of Development and Strategy of Renmin University of China; School of Applied Economics, Renmin University of China)