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Mu Changchun: Develop a digital wallet ecological platform in a collaborative and shared way
June 15,2021

  What exactly is a digital RMB wallet? What are its functions and uses? At aplenary session of the 13th Lujiazui Forum, Mu Changchun, Director-General of the Digital Currency Institute of the People's Bank of China, answered these questions.

  As a transformational product of Moneybag, the digital wallet is a carrier of digital RMB. Mu aid that under the prerequisiteof centralized management, unified understandingand realization of the anti-counterfeiting function, the digital wallet ecological platform is developed in a collaborative and shared way. This platform manages the wallet, authenticates the digital RMB, and includes respective visual systems and special functions. By building a digital wallet ecological system, full-scenario applications of digital RMB online and offline alike can be realized, which can meet the differentiated needs of users of various types, at multiple levels and in various categories, ensure the inclusiveness of the digital wallet, and avoid barriers to use due to technical illiteracy or dependence on communication networks.