The impact of central bank's digital currency on ATM market

1. Has

paid for Alipay and WeChat? Is it convenient? Then the central bank's digital currency will make you feel so convenient. And the most important thing is that the central bank belongs to the state, which, in terms of security, makes people feel more at ease . Most importantly, using the central bank digital currency, you will find that it can burst the existing Alipay and WeChat payment. RRRRR}

how to use digital currency

about how to use it, it is very simple for people who are used to digital payment. Code scanning payment, remittance transfer and collection and payment code are often used in daily life. With a mobile phone, there is everything. However, the people's Bank of China has also launched touch payment, which is more interesting. It only needs to touch payment on the premise that both sides have digital wallets. Although this is a bright spot, it still needs a lot of consideration. Although we don't know the specific operation mode, it sounds very interesting. In addition, there are wallet management, wallet attachment, DC exchange and query. Among them, there is no detailed introction about the attachment of wallets, but the visual inspection should be related to third-party organizations and other services. In general, as long as you download the digital wallet on your mobile phone, you can see it at a glance

2. The people's Bank of China has designed a two-tier architecture for digital currency
specifically, according to Yao Qian, director of China digital currency Research Institute, the design framework of central bank's digital currency is mainly convenient and efficient, safe and controllable, and popular development
as for the two-tier framework, the two-tier framework is the central bank and the commercial bank, based on the account and wallet. This framework is to combine the original bank account system with the account system based on digital currency wallet
in blockchain technology, digital currency is separated from legal currency system and bank account system. Otherwise, together, it will cause chaos. Considering this problem, Yao Qian introced digital currency wallet into the account system of commercial banks. In this way, an account can manage both electronic currency and digital currency. Of course, this kind of design has a great impact on the current banking system, but it is also a resource for commercial banks with mature system
how does digital currency wallet work in commercial banks
bank accounts and digital currency wallets of commercial banks have common management features. In this case, bank accounts and digital wallets have different positioning. According to the wallet standard designed by the central bank, a wallet is equal to a safe deposit box. According to the requirements of customers, the bank will manage the safe deposit box as all the properties of cryptocurrency. This framework adds a Digital Wallet ID field to the bank account. In this way, the wallet has the function of a safe deposit box and does not participate in the business, so as to avoid affecting the core business of the bank
digital currency transfer can be directly transferred in the commercial banking system, or through the note issuing bank using the client-side digital wallet, direct point-to-point transactions, so that there is no need to rely on inter-bank payment between account banks< In a word, digital currency wallet is the personal wallet in the commercial banking system
theoretically, the payment system deals with demand deposits, while digital currency is in the category of cash
is the digital currency issued by the central bank decentralized
Yao Qian said that the biggest issue facing the instry now is whether decentralized distributed ledger should be used at the top level
Central Bank digital currency is more convenient and can develop into controllable anonymity through centralized issuance and account based weak association. However, in the digital world, we cannot confuse the economy and finance behind the numbers. Although they are all numbers, they represent different assets, so the central bank will keep them in mind when designing. We want to have a mature financial infrastructure for legal digital currency, but considering that the note issuing bank is only responsible for the digital currency itself, and the account bank is responsible for the actual management business, so as long as the specific application is implemented, the note issuing bank and the account bank will perform their ties and do their best
then the characteristics of the central bank's digital currency are
1. Digital currency, like RMB, has stable value
2. The operation mode is the same as RMB, which is endorsed by the national credit and issued by the central bank, and all commercial banks exchange it into the market
3. Digital currency issuance relies on big data, because it has the possibility of real-time collection of currency bookkeeping, flow, transaction, etc., which can provide help in anti money laundering
4. After digital currency replaces paper currency, it will play a positive role in preventing counterfeit banknotes, changing change, and preventing damage and loss ring transaction storage
5. It will rece the waste of resources. The proction and printing of paper money need cost, while the proction of digital currency depends on big data, so it will rece the waste of resources
therefore, with the advent of the central bank's digital currency, personal participation will have less opportunities to make money
I hope it can help you
hope to adopt it

3. The central bank's digital currency is the legal digital currency approved by the State Council. The central bank organizes market institutions to engage in the corresponding work of the central bank's digital currency research and development

2019 August 21st, the official account of WeChat central bank released two articles on digital currency.

4.

1. High liquidity

every good and reliable digital currency is essential. Every digital currency should have strong liquidity, not only in the scope of third-party trading platform, but also in offline entities or countries like bitcoin

Second, lower volatility

generally, volatility comes from the influence of third-party trading platform, which is similar to stock trading. Strong operators need to control the market to prevent the digital currency market from soaring or plummeting. Therefore, the volatility of a digital currency can show whether the digital currency can develop stably

Third, tradability one of the most important properties of digital currency is tradability. If a digital currency does not have tradability, the digital currency is basically useless. Only when a digital currency has tradability can it have liquidity and volatility

Fourth, the nature of decentralization digital currency has the characteristics of decentralization. Digital money is neither controlled nor manipulated by centralized entities. That is to say, no indivial or third party can obtain the user's digital currency

Fifth, the value of digital currency is increasing based on the market demand. It is not subject to government regulation or operation, which is not like legal money. The rise and fall of digital currency price depends on the transactions between users on the third-party trading platform

5. China will implement the central bank to set up money and the market to set up money coexistence Payment institutions. Who said that? Zhou Xiaochuan, governor of the people's Bank of China, said this

6. Digital currency generally refers to bitcoin, lightcoin, Puyin, dogcoin, Ethereum and other digital cryptocurrencies. According to media reports, before the Spring Festival, the blockchain based digital bill trading platform promoted by the people's Bank of China has been successfully tested. After the Spring Festival, the digital currency Research Institute of the central bank will also be officially listed. This means that the people's Bank of China will become the first central bank to study digital currency and its real application.

7. On April 14, a screenshot of the digital currency DCEP personal wallet app spread wildly on the Internet. According to the news, the central bank's digital currency DCEP has been tested in some banks, which means that the central bank's digital currency is about to come out. So how can the central bank buy it after issuing legal digital currency
it is understood that the research and development of legal digital currency in China started in 2014. In order to promote the research and development of digital currency, the central bank has also set up a digital currency Research Institute. The project of the central bank's digital currency is called DCEP, which is also called digital currency and electronic payment tools. In recent years, the research and development of digital currency has accelerated in China. At present, in addition to the internal test concted in Agricultural Bank of China, DCEP has also been concted in several other major commercial banks
Mu Changchun, director of the digital currency Research Institute of the central bank, said that the functional attributes of the digital currency launched by the central bank and paper money are identical, except that the digital currency is a kind of legal tender in digital form
many friends who have invested in bitcoin and other digital currencies want to know how the central bank purchases digital currency after they hear that the central bank is going to issue digital currency, but I'm afraid they will be disappointed. The digital currency issued by the central bank is legal tender, which is equivalent to a substitute for paper currency. Compared with paper currency, digital currency is just a change of trading medium, The functions and properties of the two are the same. Just imagine, who would use a 100 yuan note to buy a 100 yuan digital currency
specifically, the legal digital currency issued by the central bank does not pay interest and can be used in small and high-frequency business scenarios. Because the central bank's legal digital currency uses blockchain technology and has the characteristics of decentralization, the security of using digital currency for transactions will be higher, and the transaction information will be transparent, so the central bank can track the flow of funds, Can effectively combat money laundering and other crimes. When people use the central bank's digital currency, they should abide by all the current cash management regulations
in general, the legal digital currency issued by the central bank is not an investment type digital currency similar to bitcoin, so there is no problem of purchasing the central bank's digital currency for investment
this answer is provided by KangBo finance and economics. KangBo finance and economics focuses on the interpretation of financial hot events and the popularization of financial knowledge. It adheres to the profession and pursues fun. It is a financial content that people can understand and transmits financial value in a variety of vivid ways. I hope this answer will help you.