Can digital currency completely replace paper money
Publish: 2021-04-12 05:57:13
1. Here's what central bank governor Zhou Xiaochuan said: in the future, digital currency will graally replace traditional currency
we can't say the timetable of digital currency yet. China has a large population and a large volume. For example, a new version of RMB can be changed in a few months for small countries, but it will take about 10 years for China. Therefore, digital currency and cash will be parallel and graally replaced for quite a long time. In the later stage, the transaction cost of cash will graally rise. For example, in the past, banks were asked to count a large number of coins, and there was no charge for them. Later, they may need to charge. With the incentive mechanism, people will naturally use more digital currency, but the two will still co deposit in the longer term
the central bank's issuance of digital currency is also inspired by cryptocurrencies such as bitcoin and lettercoin, and the European crowdfunding model of combining digital currency with real assets also draws on the experience of bitcoin.
we can't say the timetable of digital currency yet. China has a large population and a large volume. For example, a new version of RMB can be changed in a few months for small countries, but it will take about 10 years for China. Therefore, digital currency and cash will be parallel and graally replaced for quite a long time. In the later stage, the transaction cost of cash will graally rise. For example, in the past, banks were asked to count a large number of coins, and there was no charge for them. Later, they may need to charge. With the incentive mechanism, people will naturally use more digital currency, but the two will still co deposit in the longer term
the central bank's issuance of digital currency is also inspired by cryptocurrencies such as bitcoin and lettercoin, and the European crowdfunding model of combining digital currency with real assets also draws on the experience of bitcoin.
2. Digital currency will be a supplement to the currency series, completing the same payment and clearing functions as paper money. Of course, digital currency has its unique advantages, and new currency application functions may appear in the future. Compared with paper money, digital money is more convenient and easier to store, but when it comes to replacement, it is not necessarily possible, at least in the short term.
3. The value of digital currency is to replace paper money and become the mainstream form of currency. It is also the trend of social development that digital currency replaces paper money. Now the central bank has started to develop digital currency, and it is possible that it will meet with us in recent years. However, when this digital currency was born, there may be many restrictions, and it is impossible to popularize it in a large scale
however, the digital currency planned by the central bank is also different from bitcoin, Leyte, decent and other digital cryptocurrencies, but it will be used for reference.
however, the digital currency planned by the central bank is also different from bitcoin, Leyte, decent and other digital cryptocurrencies, but it will be used for reference.
4. The purpose of issuing digital currency by the central bank is to replace physical cash and rece the cost of issuing and circulating traditional paper money,... In short, the digital currency researched and issued by the central bank is index RMB, which is a kind of legal encrypted digital currency.
5. If there is a sign, who will sell bitcoin? If everyone knows in advance, they will be millionaires.
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