The development of digital currency in Sweden
digital currency is an unregulated and digital currency, which is usually issued and managed by developers and accepted and used by members of a specific virtual community. The European Banking authority defines virtual currency as a digital representation of value, which is not issued by the central bank or authorities, nor linked with legal currency. However, because it is accepted by the public, it can be used as a means of payment, or it can be transferred, stored or traded in electronic form
in recent years, the excessive issuance of banknotes has led to the aggravation of inflation, the frequent security crisis of third-party payment, and the graal maturity of blockchain technology, so decentralized digital currencies such as bitcoin, Ethereum and reborn have emerged. Digital currency has the advantages of low transaction cost, fast transaction speed, high anonymity and fixed amount of money
At the same time, the use scenarios of digital currency become more and more abundant, which makes the user acceptance grow. At present, the use of digital currency has covered all kinds of scenes, such as shopping consumption, wage payment, transportation, travel, takeout settlement and tuition payment. The expanding landing scene has also brought a wider range of consumers. In general, although the number of users of digital currency still accounts for a small proportion of the total population, the number of users is growing. At present, the utilization rate of digital currency has exceeded 10% in 10 countries around the world In June 2019, Facebook launched Libra virtual cryptocurrency, which has caused worldwide influence. The emergence of Libra may form a global super sovereign currency, thus affecting the traditional transaction settlement currency. For China, the emergence of Libra, on the one hand, will have an impact on China's traditional currency and threaten the sovereign status of China's currency; On the other hand, because RMB is not included in Libra's basket of currencies, it will rece the reserve demand of RMB by central banks, thus hindering the internationalization of RMB. In response to this threat, CCTV timely launched the central bank digital currency. In September 2019, according to China Daily, the central bank's digital currency closed-loop test has begun, and the central bank's digital currency is about to come outcoincidentally, in addition to China, central banks around the world have also announced that they will launch a centralized digital currency based on national credit. In 2015, Ecuador took the lead in launching the national version of digital currency, which can not only rece the issuance cost and increase the convenience, but also enable people in remote areas who cannot have banking resources to obtain financial services through the digital platform. At present, Canada, Brazil, Norway, the United Kingdom and other countries are studying the central bank legal digital currency, while the Bahamas, Sweden, Russia and other countries are discussing the possibility of digital currency issuance. Generally speaking, the developing countries which have received a great impact on digital currency have supported legal digital currency for financial inclusion, breaking through sanctions and other reasons
for the above data and analysis, please refer to the in depth analysis report on business model innovation and investment opportunities of China's blockchain instry published by foresight Instry Research Institute . Meanwhile, foresight Instry Research Institute also provides instrial big data, instrial planning, instrial declaration, instrial park planning, instrial investment promotion and other solutions
it is reported that the Ecuadorian government will soon adopt digital currency as a supplement to its dollar based real currency system
the Ecuadorian government is going to adopt digital currency instead of popular bitcoin. In fact, Ecuador will implement its own electronic currency system, officially known as "sistema de dinero electric" ó "Nico", Ecuadorian officials said that the digital currency is only a supplement to Ecuador's real currency, but some experts seem to think that there may be other motives for this move
Ecuador is not the only country to use digital currency. Sweden is also using digital currency, but the difference is that Ecuador's digital currency is run by the government itself, which can't help raising doubts. Of course, Ecuadorian officials guarantee that Ecuador's financial system will maintain the status quo, and e-money will only supplement the existing monetary system
since 2013, the popular virtual currencies are bitcoin, Fuyuan coin, Laite coin, doggy coin, Ruibo coin, Yuanbao coin and so on.
in Sweden, money is not issued by the government, but by private companies. At present, 80% of transactions in Sweden are made through electronic payment. Generally speaking, this means that the crime rate will be reced because the robbers have no way to get cash from someone or from the bus or even the bank
the cost of capital management is reced because there is no cash to transport and store
privacy is reced because e-payment companies are familiar with what their customers need
with the increasing dependence on technology, when the trading system is offline, people take other trading means
in the past few decades, the fraud rate in Sweden has continued to rise, which may provide a reason for adopting electronic payment measures
Digital cryptocurrency can bring many benefits to the electronic payment of private enterprises, such as increasing privacy and security. Compared with traditional electronic payment, digital currency is anonymous, but the ownership can be deciphered by a third party
here are several good methods: coinjoin can integrate multiple transactions; Coinswap can carry out very complex transactions, including two third-party transaction information, adding security protection on the blockchain. These methods can prevent privacy from being attacked. The whole system can be built on digital currency to improve its security
another advantage not mentioned above is that digital currency cannot be forged, which means there will be no counterfeit currency. However, there are risks in digital currency, such as the recent price fluctuations of Ruitai and Weimeng currencies.
Sweden has been ahead of the world in the exploration of e-money. Although many countries are shouting slogans about digital currency, there is no movement in practical action. Sweden not only attaches importance to the research of digital cryptocurrency, but also makes practical action. In May of this year, Sweden already concted the pilot test of e-krona. Sweden is really interested in digital currency. It is also reasonable for Sweden, which is active in digital cryptocurrency, to become a cashless country ahead of China
because a slight error will affect the operation of the whole financial system, when you give up cash payment and completely rely on digital cryptocurrency, it means that there is no plan B when the system encounters a bug
apart from bitcoin, which is Ethereum, there is no possibility for the remaining counterfeit coins. Even Ethereum is in danger now. The currency price is falling and the project is not progressing smoothly. So it's better to invest in bitcoin now.
because a slight error will affect the operation of the whole financial system, when you give up cash payment and completely rely on digital cryptocurrency, it means that there is no plan B when the system encounters a bug