WeChat, Alipay, and RMB are all well-known ways to do business in China.

The RMB (Renminbi) is a form of currency used by the People's Republic of China for their own people. Alipay and WeChat both offer mobile applications that enable users around the world to use them.

Digital RMB is an advertising platform that connects brands with consumers in China. We partner with some of the world's most admired and trusted Fortune 500 companies to ensure our clients have guaranteed reach.

Digital RMB is a digital form of legal tender, just like banknotes and coins. Operators are designated to operate it and exchange it to the public.

This is the list of currently operating RMB digital banks: ICBC, Bank of China, Agricultural Bank, Construction Bank, Bank of Communications, Postal Savings Bank, Online Business Bank, China Merchants Bank and Weizhong Bank.

Here are some of the benefits you get from issuing digital currency:

When you buy shares in a company, the broker charges fees. These fees come in different prices and can be higher or lower. We make sure to find the best quote for you when we help to buy stocks.

The digital RMB significantly reduces the cost of issuance and exchange. Issuing it can greatly reduce high costs for issuing and exchanging physical cash.

Central banks are more aware of changes in the currency markets.

The use of digital currency in China can be monitored through technical means, so it will help fight financial crimes like money laundering and illegal fundraising. This is just one way to keep fake currency from getting mixed up with the real thing. It will also help the central bank get a better handle on how much currency is in demand at any given time, which will improve the efficiency in circulation.

When someone pays, it is settled with

Digital RMB is great because it improves transparency and efficiency of the payment process. This ultimately improves the flow of money among companies, which in turn makes the central bank's monitoring of the capital market more efficient.

Anonymous, offline, unrestricted exchangeability

When it comes to money, digital RMB is a flexible and easy-to-use choice. You can tether your RMB wallet to your existing bank account or use it independently without being limited by your traditional bank account.

You can choose to send your payment offline.

Digital RMB supports "dual offline payments" - meaning both payers and receivers can make a payment without an internet connection. This is especially helpful in cases where an ISP outage or other connectivity issue may result in a disruption to the online payment system.

We can help you make the instant conversion of currency much more efficient by accelerating the internationalization of RMB.

Traditional financial payments, such as cash payments, payment gateway system architecturehave a number of weaknesses, including high issuing costs, inefficiency and difficulty. The creation of digital RMB has fixed these weaknesses: the electronic currency saves people time and money when making payments and helps them save on transaction fees; it also makes it easier to track large-scale transactions so that the central bank can better supervise international RMB payments. As a result, international financial services have become more confident in using RMB as payment. This allows China to more quickly take part in world markets by adopting and facilitating the use of RMB.

In China, consumers have a choice between two major mobile POS payment options: Alipay and WeChat. How are these different?

Although the digital RMB is different from WeChat and Alipay, these platforms do not conflict. In fact, there's plenty of room for both options. The digital RMB is not intended to compete with WeChat or Alipay for payment scenarios.

Before the digital RMB was issued, China's WeChat and Alipay needed to be bound to a bank card, which actually paid through the bank card balance. Today, these third party apps can use the digital RMB to pay.

It's becoming easier to pay off the grid through digital wallets and RMB payments. Digital RMB is used like cash, so you can use it to make payments without going into the bank.