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What does a personal wallet for digital currency mean (personal wallet for digital RMB)?

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What does a personal wallet for digital currency mean? It refers to the way of c

What does a personal wallet for digital currency mean (personal wallet for digital RMB)?

What does a personal wallet for digital currency mean? It refers to the way of conducting transactions with digital currency and storing and managing assets on it. Literally, digital currency is a form of digital currency that is conducted through Bitcoin or Ethereum.

In simple terms, digital currency is a way to record one’s data using blockchain technology and send it to the corresponding address. Then, these information are put together to form a hash value (private key), which ensures that all transactions are legitimate and no party can control your funds. This helps to avoid being hacked or exploited for fraud.

Personal Wallet for Digital RMB

The personal wallet function for digital RMB (trial version) has officially launched and started testing and pre-registration on April 1, 2021.

According to the introduction, the “Digital RMB” app currently supports recharging and consumption scenarios for 18 types of currency, as well as the option to open for more than 100,000 merchants. Apart from the aforementioned nine categories, the other six can also be downloaded and used for payment operations using the “My Wallet” function, “Name + Verification Code” or “Binding Bank Card + Password Management” for user convenience. (Securities Times)

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