Digital currency is bad for commercial banks

1. The bad news that affects the price of digital currency is the turbulence of market economy and the high and low prices affected by some news.

2. Looking back on the whole course of money development, every evolution of money form has greatly promoted the development of circulation
there are ecological changes in personal consumption, business operation and banking.

3. China's digital currency pilot is leading the world, which has a great impact on banks. With the introction and graal maturity of digital currency, the business of traditional banking instry will change dramatically.

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. Digital currency does not worry about counterfeit money. If it is paper money, it worries about counterfeit money. I don't worry. I didn't take any money with me.

6. In recent years, you won't be affected. It has just been tried out and will be put into operation nationwide in the future. You are already a black customer in the bank. In digital currency, it is still a black house.

7. If digital currency is fully popularized, then there is still a need for commercial banks to exist.