Will RMB devalue when issuing digital currency

1. In the future, digital currency may become a form of world currency, which is accepted by countries all over the world. Of course, there may also be a situation of "one over many strong", which is the same as the current global circulation mode of US dollar, euro, pound sterling, RMB and yen. The digital currency that the central bank plans to launch is just the digitization of RMB
bitcoin, Ruitai coin and vitality coin may also exist as a form of currency or as an asset class.

2. After the central bank issues the digital currency, the paper currency will continue to circulate in the market, and the paper currency will go hand in hand with the digital currency. Just like many people are using Alipay and WeChat to pay now, banknotes are still the main way of payment, and the future digital version of the central bank is also true.
the central bank's version of digital currency will first be applied to the bill market. The central bank's version of digital currency has the property of currency and has the credit endorsement of the central bank
recently, Puyin group also launched the tea based digital currency Puyin. Puyin is a high-quality Tibetan tea asset that is stored, identified, evaluated and authorized by three parties, and a standard digital currency issued by encryption and digitization.

3. The central bank has not yet issued digital currency. If the issue is the same as the current RMB, it is only in different forms<

popular science: digital currency (digiccy) is an alternative currency in the form of electronic currency. Both digital gold coin and password currency belong to digital currency. It can not be completely equivalent to the virtual currency in the virtual world, because it is often used for real goods and services transactions, not limited to online games and other virtual space. At present, the central bank does not recognize or issue digital currency, and digital currency does not have to have a benchmark currency. The popular digital currencies in 2015 include bitcoin, lightcoin, bitstock, etc. At present, there are thousands of digital currencies issued all over the world.

4.

The digital RMB red envelope of 10 million yuan issued by Shenzhen city has brought the development of e-money back to the people's vision

in fact, since April 2020, small-scale pilot projects of digital RMB have been carried out in Shenzhen, Cheng, Suzhou and xiong'an, and the pilot scale will be expanded to 28 provinces and cities in August 2020

as a socially recognized "super outlet", in addition to the high investment of digital currency related enterprises, its impact on the financial market is also of great research value

Policy evolution of the development of digital RMB

as early as 2014, the central bank has concted research layout on digital RMB, and discussed the development framework of digital RMB with major international financial institutions and research institutions in the 2016 digital currency seminar

after six years of development, China has initially developed the "pbctfp blockchain platform" and continuously promoted the pilot activities of digital RMB. It can be predicted that as today's technology and policy outlet, digital RMB will have excellent development prospects and extremely fast development speed in the next few years

Figure 1: Policy Evolution of digital RMB

with the improvement of China's national strength, digital RMB provides an opportunity to establish a "new system of RMB cross border settlement", which can promote RMB payment activities around the world and realize the internationalization of RMB

5. Yes, we do better in the world

6. First of all, you need to know that devaluation of national currency is a long-term and inevitable process. Only devalued currency has liquidity, and devaluation promotes liquidity

after that, digital currency is just a flicker. If it is regarded as something, it will not have any value support. If it is regarded as a kind of trade equivalent, it will have no trade value. To put it bluntly, there is no chance to make money now. We need to find a new way to make money. We just want to make each other's money. After the hot spot, we will return to zero, Spamming means that people who are short of money just want to fool around. It will be gone after a while.

7. The digital currency of the central bank can't see any influence now. Let's take another look

8. It should not, because under special circumstances, cash is more reliable than digital currency. For example, there is no flow or mobile phone. Currency in circulation has a history of thousands of years in China, and it can not be replaced overnight