The impact of issuing central bank digital currency

1. The digital currency that the people's Bank of China plans to issue is monetary, which is endorsed by the government and has the basic characteristics of currency. Although these digital currencies draw lessons from the successful experience of bitcoin and other encrypted digital currencies, they have essential differences

the issuance of the central bank's digital currency will have a certain impact on the existing digital currency, but other digital currencies will continue to exist, but the road of development will be more bumpy, not only a means of speculation, but also an application. For example, the blockchain crowdfunding platform is the digital currency on China platform.

2. The benefits of issuing digital currency by National Central Bank
replace physical cash, rece the cost of issuing and circulating traditional paper money, and improve the convenience and transparency of economic transactions.

3. Zero3 international settlement center adopts blockchain technology to complete cross-border payment through valuable digital assets euz. Compared with the traditional use of foreign exchange purchase and exchange between international banks, in 2018, ant financial services has actually tried to use blockchain technology in the field of international cross-border payment, so it is very good to use blockchain technology in Cross-border payment.