Rumors of digital currency of the people's Bank of China
The digital currency of the central bank is DCEP
the name of the digital currency developed by the central bank is DCEP (digital currency electronic payment). DC is digital currency. EP is electronic payment. Payment transmits digital things through a certain way, not paper currency. Therefore, electronic payment itself has the attribute of digital currency
The characteristics of digital currency are: low transaction cost; Fast trading speed; Highly anonymous
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Application of digital currency
I. fast, economic and safe payment and settlement
cross border payment helps RMB internationalization. In 2015, the settlement volume of cross-border payment involving current account is about 8 trillion yuan. To accelerate the internationalization of RMB, cross-border payment and settlement procts and solutions with low cost, high efficiency and low risk are needed
At present, there are still a lot of repetitive human work in the bank's electronic loan process and processing process, and as the basic support of loan issuance, many of the collateral has the situation of false pricing or multiple or even no collateral. We can consider using digital currency to price and track bank collateral:3. Bill finance and supply chain finance
in recent years, various bill market businesses based on commercial bills have grown rapidly, and bill financing procts have become a hot area of Internet financing. However, about 70% of the current bill businesses in China are still paper transactions, Supply chain finance is also highly dependent on labor costs
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network digital currency
in the future, there may be many digital currencies in China, and each digital currency will have its own application. For example, Puyin is a very interesting digital currency, which corresponds to the assets related to tea.
however, the digital currency that the central bank plans to issue has the monetary attribute and has the credit endorsement of the central bank. The central bank's version of digital money will first be applied to the bill market. It is still difficult for the central bank to popularize the digital currency in China, because the degree of economic development is different across the country
at the same time, there are some applied digital currencies in China. For example, the Puyin digital currency launched by Puyin group is a standard digital currency with credit endorsement of related tea assets.
Jensen said, "after two years of stupid spending and bad decision-making, the bitcoin foundation has in fact gone bankrupt. The foundation even ran out of funds in November last year."
it is reported that the board of directors has tried to reverse this situation by looking for a new executive director, and Patrick Murck, the new executive director of bitcoin foundation, also believes that the only way out of this dilemma is for the foundation to only use the funds for those core development projects
however, according to Jensen, "the foundation has almost no funds at present, and 90% of its employees have been laid off, and only some of them remain as volunteers."
however, two other members of the organization also said that the bitcoin foundation is not bankrupt, it just needs to be restructured. Founded in 2012 in the United States, the bitcoin foundation is a non-profit organization. The organization has always said that it does not fully represent bitcoin, but is only an organization set up to promote the global development of bitcoin
Jensen also said: "the bitcoin foundation hates transparency. Jim Harper had planned to hold a press conference after the election, but was forced to cancel because the foundation was never open to the outside world. As a result, some smart people no longer trust the special currency foundation, so the foundation can't raise enough money. "
it should be noted that Jensen and Jim Harper are the two new board members newly elected last month. This election was voted by bitcoin Foundation's annual and lifetime members. 89% of the members participated in the pre election and 74% in the general election. In the results of the general election, Jensen won 277 votes, accounting for 63%, ranking first. This was followed by Harper's 264 votes, 60%. After being elected, both of them expressed the hope that the bitcoin foundation could carry out key research and development, fully realize the transparency of the organization, and finally make all stores and people in the world accept bitcoin. On March 15 this year, the two of them officially began their two-year term of office.