Digital Currency Completes the Last Mile for Payment Apps

Digital RMB will complete the "last mile" for payment apps by making it possible to transact with people on different apps or when one pary is offline. 21st Century: 挑战微信支付宝痛点 解码数字人民币比较优势

Although from the perspective of user experience, Mu Changchun also said frankly, “For ordinary people, the boundary between electronic payment and central bank digital currency for basic payment functions is actually relatively blurred.” But it is worth noting that this The experience result is based on the network environment and payment environment that have certain conditions. If it is in a scene where online payment is not available in subways, airplanes, remote areas, etc., the digital renminbi can exhibit characteristics superior to those of Alipay.

Hao Yi said that there is basically no difference between the use of digital renminbi and Alipay in big cities. The difference between the two is not at the scene level, but in the technology, that is, dual offline payment technology. In other words, digital renminbi can complete transactions without the Internet, and it also promotes the expansion of transaction scenarios.

"If WeChat Pay and Alipay must do dual offline payments, it should be possible." Dong Ximiao, deputy dean of the Chongyang Institute of Finance, Renmin University of China, also believes that the cost is too high due to the multi-party technical transformation and the requirements for equipment. Enterprises have no motivation if the input-output ratio is too low, and now they have a huge number of users.

A reporter from 21st Century Business Herald conducted an offline payment test on WeChat Pay and Alipay and found that one party must be online to complete the transaction. Currently, the dual offline payment that the digital renminbi intends to achieve cannot be realized.