Central Bank Digital Money internal testing launched in four cities, government employees may be the first to use it.

Recently, a piece of news regarding the internal testing of our country's Central Bank Digital Money (CBDC) has sparked widespread attention on social media platforms. It is reported that screenshots of the digital money system's testing began circulating online on April 14. Accompanying the screenshots was a message stating that the CBDC will be piloted in four cities, including Shenzhen, Xiongan, Chengdu, and Suzhou.

News shows that starting this month, the salaries and subsidies of some government agencies and employees of public institutions in these pilot cities will be distributed in the form of Digital Money. This initiative is seen as an important attempt for digital currency in practical application scenarios.

As an important part of our country's financial technology innovation, the research and pilot work of Digital Money Renminbi has always attracted attention. The release of this news further confirms that relevant work is progressing steadily. However, the authorities have not yet made a formal response or confirmation regarding this news.

With the rapid development of the digital economy, central banks in various countries are increasingly interested in issuing digital money. Our exploration and practice in this field not only hope to enhance the efficiency and security of the financial system but may also provide important references for the evolution of future currency forms.

Industry insiders generally believe that the gradual promotion of Digital RMB will provide the general public with a more convenient and secure payment experience, while also offering regulatory authorities more effective financial supervision tools. However, before a formal large-scale promotion, it is necessary to resolve potential technical and operational issues through pilot programs.