Research on the Application of Digital RMB to Address the Monopoly and Privacy Issues of Third-Party Payments
Author(s)
Aoao Xu , Xinyu Liu , Nan Guo ,
Download Full PDF Pages: 01-05 | Views: 243 | Downloads: 83 | DOI: 10.5281/zenodo.8013569
Abstract
Currently, the People's Bank of China (PBOC) attaches great importance to the research and development of legal digital currency and has included digital RMB in the 14th Five-Year Plan (2021-2025) for National Economic and Social Development. The promotion of digital RMB may largely suppress the privacy and security risks and monopoly phenomenon brought by third-party payments. The purpose of this research is to provide a reference for improving the development of digital RMB in China and lowering risks.
Keywords
Digital RMB, Monopoly, Privacy Issues, Third-Party Payments
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