Core Insights - The digital renminbi app has undergone significant updates, enhancing user experience and optimizing wallet management features [1][2][4] - The app now supports multiple wallets per user, with an average of 1.6 wallets per user, reflecting a growing trend towards diversified digital currency management [3][4] - The dual-layer operational system of the digital renminbi promotes competition among institutions, leading to a richer array of services and products for users [3][4] User Experience Enhancements - The latest version of the digital renminbi app (1.2) features a redesigned homepage and improved functionality for wallet management, making it easier for users to access frequently used features [2][4] - Key functions such as "store in bank" have been repositioned for better accessibility, and the wallet management process has been streamlined [2][4] Wallet Management and Services - The app's multi-wallet management capabilities are increasingly popular, with users expressing interest in having multiple wallets for different purposes [3][4] - The dual-layer operational structure allows for a variety of differentiated products and services, enhancing user engagement and satisfaction [3][4] Hard Wallet Features - The digital renminbi hard wallet is gaining traction among various demographics, including tourists and the elderly, due to its low entry barriers and wide applicability [8][9] - Recent updates have improved the hard wallet cancellation process, allowing users to remove wallets even if they are lost or damaged [8] Broader Applications and Future Prospects - The digital renminbi is expanding its use cases beyond retail payments, with applications in enterprise payments and cross-border transactions already in place [10][11] - Experts advocate for increased support and legal frameworks to enhance the development potential of the digital renminbi, suggesting a broader application scope [11][12]