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Table 1 Context for DCEP

From: Understanding the adoption context of China’s digital currency electronic payment

Users

Context for DCEP

Consumers

DCEP will further combine with the attributes of smart contracts to realize its functions for targeted crowds, scenarios, and usage which evolve from domestic to cross-border payment, urban to rural payment, and small to large payment

Business

From consumption application to production, the DCEP services will be extended gradually, with real-time payment service and no handling fee

Government

DCEP application will gradually cover various government service processes concerning social security, public accumulation fund, taxation, finance, and justice