PANews reported on October 25 that according to China Business News, Hongmeng announced that it has built an open ecosystem of meta-services, including the digital RMB. This means that Hongmeng users can use the corresponding services without downloading the digital RMB App, and can use digital RMB to pay as soon as they get their mobile phones, innovatively realizing the deep integration of legal digital currency functions and mobile phone systems.
It is understood that in terms of cooperation with the Hongmeng system, the next step for the digital RMB will be to strengthen the deep integration with the Hongmeng system, enrich the digital RMB wallet application and management functions, jointly develop financial middleware, and support interaction with other financial applications, thereby providing safer and more convenient digital RMB services. At the same time, it will enhance risk monitoring and risk prevention and control capabilities, use security detection technology to ensure the authenticity and credibility of the mobile phone operating environment, and improve the central bank's penetrating supervision capabilities of the digital RMB on the premise of protecting user privacy and security, so as to achieve full-process business management and risk prevention and control. In addition, the digital RMB will help Hongmeng expand and strengthen the financial services of the ecosystem, and cover more smart IoT devices through the integration of the digital RMB and the open source Hongmeng.
It is understood that through cooperation with Hongmeng, the digital RMB will form a replicable and popularizable model, promote in-depth cooperation with other domestic mobile phone manufacturers, realize the digital RMB embedded in the underlying operating system of domestic mobile phones in a componentized form, and build the central bank's management capabilities that adapt to the open ecology of the digital RMB. On this basis, we will continue to improve the cooperation model with mobile phone manufacturers and operating system manufacturers to create a collaborative and win-win ecology.
