Shulou(Shulou.com)11/24 Report--

CTOnews.com news on February 20, Shenzhen Luohu District recently partnered with Bank of China Shenzhen Branch and Hong Kong Octopus Group to launch a digital RMB hard wallet self-service card issuer for all Hong Kong consumers in Shenzhen.

Hong Kong people who go to Shenzhen for consumption use the Hong Kong dollars in the Octopus App to apply for a digital RMB hard wallet card with a corresponding amount through a self-service card issuer. With the card, they can enjoy a 20% discount for cross-border consumption in major shops, supermarkets and business areas around Luohu. Each hard wallet card has a cumulative maximum discount of 200 yuan per paid amount, with a total of 50,000 places. The activity time is from February 22 to March 31.

CTOnews.com learned from the event that this is the first digital RMB hard wallet to achieve cross-border global consumer applications.

Considering the privacy protection, anonymous consumption and physical card payment habits of Hong Kong residents, this event launched a digital RMB hard wallet self-service card issuer to achieve interconnection between the domestic digital RMB "hard wallet" and the Hong Kong third-party payment giant Octopus, a breakthrough in the technological innovation of digital RMB cross-border payment, and promote the scientific and technological interconnection and financial interconnection of cross-border consumer payment settlement between Shenzhen and Hong Kong.

Digital RMB (pilot version) App is the official service platform for Chinese legal digital currency-digital RMB to carry out pilot projects for individual users, providing services for the opening and management of digital RMB personal wallets, and the exchange and circulation of digital RMB. Digital RMB carries out R & D pilot projects in pilot areas and pilot scenarios, and pilot customers can register for Digital RMB App.

According to different carriers, digital RMB can be divided into "soft wallet" and hardware wallet. "soft wallet" provides services for users based on mobile payment App, software development kit (SDK), application program interface (API), etc., while hard wallets need hardware devices to rely on, often based on IC cards, SD cards, SIM cards, mobile phones with built-in security chips, wearable devices, Internet of things devices and so on.

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