The digital renminbi ... has a legal status higher than any other domestic digital currency. No one or institution can refuse to accept it.
In terms of user experience, online payment methods such as Alipay and WeChat Pay first need to bind a bank card, and then each transaction needs to be cleared through the inter-bank system, but digital RMB does not require these processes.
There is no need to connect to the Internet to use the digital yuan. The digital renminbi is not limited by the network, even if there is no network, or the network is not good, it can also make fast payments.
"no handling fee for cash withdrawal and inter-bank transfer" and "realization in seconds." When the account is received, there is no need to wait for the bank to settle the difference on T+1 day”, “more privacy protection, meet the needs of anonymous payment” and other advantages.
I disagree because Digital Payments via Phones showing a Cashless Society are the pre-cursor, not speculating on BitCoin.
All the Chinese CBDC, e-CNY, needed to get started in 2020 was offer "$2 million of digital currency to 50,000 randomly selected consumers".
At the end of 2021 there were 261 million users in the extended trial who had made US$13.8 billion of transactions
This is in mandarin but Google translate makes it readable
https://news.sina.com.cn/c/2022-04-03/doc-imcwipii2181592.shtml