Digital currency swift
DCC belongs to counterfeit currency
and has no value at all
TEDA coin (usdt) is a token launched by tether company, which is based on the stable value currency US dollar (USD). 1 usdt = 1 US dollar. Users can use usdt to exchange 1:1 with USD at any time
tether company strictly abides by the 1:1 reserve guarantee, that is, every usdt token issued, its bank account will have a capital guarantee of $1. Users can query funds on the tether platform to ensure transparency
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the functions of usdt are as follows:
1. Avoiding the overall risk of decline
in currency trading, there are three common situations, taking LTC / BTC trading as an example:
after buying LTC with BTC, BTC and LTC are both rising, and you enjoy two profits
after buying LTC with BTC, BTC and LTC will rise and fall one by one. Your income depends on the rise and fall of the two currencies, which is bigger. Only if the increase of any one is greater than the decrease of the other, can we make money. Anyway, it's a loss. If the fluctuation is equal, there will be no profit or loss
after buying LTC with BTC, both currencies are falling in extreme market, so you need to bear two losses. This is often the most frustrating
but with usdt, when the currency price falls, you can immediately change the currency into usdt, so as to ensure that your assets will not shrink
The reverse operation of digital currency withdrawal is very simple. Usdt company says that investors can transfer US dollars to the bank account of tether company through swift or exchange usdt through bitfinex exchangeif you make a lot of profits and want to withdraw cash, you can first convert your currency into usdt, and then convert it into US dollars through tether or other platforms. Here you can find that if you complete the authentication of usdt company, you can trade directly on other currency trading platforms that do not need authentication, and you do not need to authenticate other platforms again
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 RMBas 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
the people's Bank of China has been studying legal digital currency since 2014. According to the relevant person in charge of the digital currency Research Institute of the people's Bank of China, at present, the research and development of digital RMB is steadily advancing. Under the premise of adhering to double-layer operation, currency (M0) substitution in circulation and controllable anonymity, the digital RMB system has basically completed the top-level design, standard formulation, function research and development, joint debugging and testing, etc., and followed the principles of steady, safe, controllable, innovative and stable development The principle of practicality
the relevant person in charge of the digital currency Research Institute of the people's Bank of China stressed that the current online transmission of DC / EP information is the test content in the process of technology research and development, which does not mean the official launch of digital RMB. The current closed test of digital RMB will not affect the commercial operation of listed companies, nor will it affect the RMB issuance and circulation system, financial market and social economy outside the test environment< In short, the digital currency of the people's Bank of China is the electronic version of RMB
when it comes to digital currency, your first reaction may be bitcoin or Libra, which Facebook plans to launch< However, unlike these so-called digital currencies, the digital currency to be launched by the Central Bank of China has national credit endorsement, which can be said to be the electronic version of RMB. Therefore, the digital currency of the central bank has the nature of legal compensation
more importantly, with the endorsement of the state, the value of the central bank's digital currency will be more stable. Bitcoin and other so-called virtual currencies can not guarantee the stability of currency value, so it is common to be "cut leeks"
from the perspective of usage scenarios, the central bank's digital currency does not pay interest, and can be used in small, retail and high-frequency business scenarios, which is no different from paper money. At the same time, the use should comply with all the existing regulations on cash management, anti money laundering and anti-terrorism financing.
decentralization is one of the biggest advantages of cryptocurrency. Unlike traditional fiat money, cryptocurrency transactions cannot be blocked by any central authority
some countries have been sanctioned by the United States and some European countries. Some experts believe that some countries may bypass international sanctions by using decentralized cryptocurrencies. Russia and Iran are the two countries currently under severe sanctions, and they may soon use cryptocurrency to circumvent the sanctions
How can Iran and Russia benefit from cryptocurrency
in a recent press TV news report, Iranian MP Mohammad Reza pourebrahimi discussed the possibility of using cryptocurrency for international payment at a meeting in Moscow. Dmitry Mezentsev, chairman of the economic policy committee of the Russian Federation, also attended the meeting
the MP said that Iran and Russia can use digital currency to avoid US dollar transactions, and may even replace Swift's inter-bank payment system. In addition, the Iranian parliament instructed the Central Bank of Iran (CBI) to start creating potential use cases for digital currency. He said:
they [Russia] agree with us. We said that if we try to push this work forward, then we will be the first country to use digital currency in the exchange of goods< Mezentsev noted pourebrahimi's statement on the use of cryptocurrency and said:
the relationship between the banks of our two countries should be very important. Many sanctioned countries may see cryptocurrency as a potential alternative to traditional international banking systems, such as swift. International bank transfers are not the only problem facing sanctions countries. Third party payment systems like PayPal or venmo are also not allowed to operate in some countries. These payment services can also be replaced by decentralized cryptocurrency
after President trump withdrew the United States from the agreement reached between the Obama administration and Iran on its nuclear weapons program, Iran once again faces severe sanctions. Russia is also under increasing US sanctions for its alleged intervention in the 2016 presidential election.