China vigorously develops digital currency
the Central Bank of China held a seminar on digital currency at the beginning of this year, and the issue of digital currency by the central bank has been put on the agenda. Some international banking giants and technology companies are also developing digital currency, and the Bank of England also plans to issue digital currency. All this means that digital currency is getting closer to our real life. However, the digital currency issued by the government may be in circulation in the future, but bitcoin, Ruitai currency and vitality currency can only exist as an asset class.
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
CBDC. How to participate? Including the following two cases, let's take Kazakhstan as an example. The first is that Kazakhstan can issue RMB denominated Kazakh government bonds. The issuer is Kazakhstan, but the RMB denominated bonds are sovereign bonds for Kazakhstan, which can also be sold to the Central Bank of China in exchange for CBDC. The second is that Kazakhstan issues treasury bonds denominated in its own currency, which are issued by Kazakhstan and priced in its own currency. This method is the easiest for Kazakhstan, because this is their own national debt, which is sold to the Central Bank of China, which gives it CBDC. The similarities between the two lie in that they both sell treasury bonds to the Central Bank of China, but the issuers of treasury bonds are not the same, and the pricing currencies of treasury bonds are not the same, so the requirements for Kazakhstan are not the same. In theory, these ways can be used as a political tool to influence and regulate the relationship between the Chinese government and Kazakhstan<
4 digital currency will become the biggest magic weapon of RMB internationalization
China is now facing the biggest challenge, in terms of currency, in fact, the internationalization of RMB. The monetary settlement system based on US dollar has brought great problems to the decision-makers outside the US dollar. The best way to rece the status of US dollar is to replace us dollar with a global digital currency to end the dominant advantage of US dollar. The Chinese version of CBDC is likely to become the biggest magic weapon to promote the internationalization of RMB and end the hegemony of US dollar. The opportunity for RMB internationalization lies in the trend of de dollarization. Therefore, we need friendly countries other than US dollars to participate in China's digital currency. Taking the lead in the use of digital currency in block trading and financial settlement to bypass the restrictions on trading in US dollar will certainly realize the development of de dollarization and form a new currency trading system dominated by China and participated by many parties. So how to achieve it? In essence, it is to transfer benefits, so that non dollarized friendly countries can participate in the issuance process of CBDC, and even share the seigniorage of RMB. It is the most effective magic weapon to embody the spirit of democratization and benefit sharing of blockchain and bitcoin in the design of sovereign currency, which is also the most practical way to realize the internationalization of RMB.
In fact, we all know that in many cases, the development of the Internet may be more and more important, and more and more people are more dependent on the Internet, and will continue to improve the function and role of the Internet, and constantly improve the status of the Internet, so that the Internet can play an important role in the process of national economic development
in fact, more and more countries will pay more attention to digital currency, and also think that there will be only one currency that should be developed to a certain extent, and more and more countries are constantly developing and improving their technology. Why has promoting the research and development of digital currency become an important policy option for all countries? I think there are three main reasons:
first, digital currency itself is very important
in fact, I think the reason why countries want to promote the research and development of digital currency is that playing digital currency itself is also very important. Because digital currency is also more convenient, it can make digital currency play a greater role in daily life, is a kind of welfare for the people, and also can make people have a more convenient life. Therefore, all countries should promote this research and development{ RRRRR}
that's my opinion. Do you have any ideas? Welcome to leave a message in the comments area
1. The Xbox series s has a white shape, with a black round mesh grid on the wide side, which is expected to prepare for heat dissipation, and a large number of honeycomb openings on the top. Some netizens say it's like a desktop speaker, some say it's like a radio. On the narrow side, you can see USB type-A interface, Xbox logo, etc., but you can't see the CD-ROM bit
2. The graphics performance of Xbox series s is about 4-6tflops, up to half of that of Xbox series X, 7.5GB available memory, nvme SSD, and the game experience is no less than that of Xbox one X
3. Xbox series s will not be equipped with an optical drive. The GPU of this console is about 4 teraflops, which is lower than the 6 teraflops of Xbox one X. However, the report also mentioned that Xbox series s adopts AMD's next-generation Navi architecture, so it also surpasses the current hardware
4. In terms of price, the price of Xbox series s will be $299, which is much lower than the price of Xbox one X
it is rumored that Xbox series X / s will be sold worldwide on November 10. In addition to the original price, you can also participate in Xbox all access and pay monthly
the above is all about the differences between Xbox series and Xbox one X. I hope the above can help my friends.
The rise of financial technology promotes the digital and intelligent development of finance, and the form of money is also developing. With the rapid development of information network communication technology, electronic payment has been popularized rapidly, and legal digital currency is also developing< China vigorously promotes digital currency, and the development of digital currency has great positive significance for China's economic development
finally, it is difficult for users to feel the difference between digital RMB payment and third-party payment in their daily consumption. In comparison, the use of digital RMB payment is more convenient than the third-party payment , and digital RMB payment is not limited by the network and payment scenarios. Digital RMB is the financial infrastructure built by the state, and there is no charge for the cashing and redemption of digital RMB. Digital RMB can be used to pay third-party payments. However, for those who need convenient electronic payment, people without financial accounts can also use digital RMB< Digital RMB supports controllable anonymity, which can better protect users' privacy
I think there are several reasons for the country to accelerate the promotion of digital currency:
first, digital currency is an important part of national security{ RRRRR}
although we have not yet seen the true face of digital currency, I believe that China's digital currency will shine in the world
In fact, in our country, we can also actively promote the development of digital currency, and also be able to use it in a wider field
in fact, our country can pay more attention to the behavior of digital currency and introce more policies to make digital currency recognized by more people. China strongly promotes the development of digital currency. What is the future development prospect of digital currency? I think the future development prospect of digital currency is particularly good. There are three reasons for this: first, digital currency has been recognized by the state
in my opinion, I think digital currency can really have a better and better prospect, and the future development direction is also very clear. Because digital currency is recognized by the country, the country is very recognized digital currency, but also can actively promote the development of digital currency. This means that the country can use more policies to promote the development of digital currency, and also to stabilize the development of digital currency. In this way, digital currency will have a better future{ RRRRR}
that's my opinion. Do you have any ideas