Where digital money is consumed

1. You are talking about the digital currency of the central bank. It is still RMB, but there is no entity
there is no release at present, just internal testing
even after the issue, there is no saying of buying, because the essence is cash.

2. The issue of digital currency has many benefits and is imperative. According to the central bank, digital money and paper money will coexist for a long time to come. When people go to the bank to withdraw money, they can not only withdraw cash directly, but also exchange it into digital currency. In Xiaobian's opinion, the establishment and issuance of digital currency system can not only make people's transactions more convenient and safe, but also graally weaken the proportion of paper money in the real circulation, which will also have a positive impact on the electronic disk of postal money card.

3.

Today's society is a society of rapid development. Many people like to buy things on the Internet. At the same time, the payment method has also changed greatly. This time, Shanghai began to issue digital currency, which also aroused heated discussion among netizens on the Internet. In fact, digital currency is of great benefit to the common people

at the same time, the central bank's digital currency belongs to legal currency, which is the same as cash. We now set up various payment category B in private Payment institutions or platforms, but the central bank's digital currency will not have this situation. As long as we can use electronic currency transactions, we can accept the central bank's digital currency, From this, we can see that its coverage is very wide. At the same time, from the perspective of legal power, the efficiency and security effect of digital currency is the best. Because it is endorsed by the state, it will not be stolen. At the same time, its settlement method is different from other software. At the same time, the central bank's digital currency will not go bankrupt, unlike other private apps

4. To analyze which digital currency market is better, we need to confirm whether the overall market is good or bad. For example, the overall currency circle is relatively cold now. Basically, the currency market is horizontal. Even for mainstream currencies, the market of these currencies fluctuates in the short term. To check the digital currency market, you can use coinsmart. Unless we do some futures, we may get more profits. Otherwise, we need to wait until the infrastructure is improved and the market is standardized before we have a good market. Some people say that the market will be good when bitcoin is halved in 2020. However, investment is risky and financial management should be cautious.

5.

Luohu's Mixc, China Resources Vanguard, Meiyijia convenience store, Tianhong Department store, Maoye department store and other supermarket department stores; Noodle King, Taixing restaurant, food first and other restaurants; Digital currency can be used in Junyue Hotel, Shenzhen book city, huaguoxian, gas station, subway recharge machine and other living service places

there are 3389 merchants in Luohu District of Shenzhen who have completed the transformation of digital RMB system, and they can use digital currency in these shops

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advantages of digital currency:

1. Save cost and improve efficiency

in the traditional electronic payment process, funds are stored in the third-party platform. The third-party platform deposits funds through the time difference of payment to obtain short-term interest income, which makes customers and businesses suffer losses, and the transaction process has two capital transfers, which makes the transaction process rendant. Electronic payment based on blockchain technology eliminates the third-party platform and realizes peer-to-peer payment (P2P), which simplifies the payment process and reces the payment cost

2. Optimize the traditional payment function

digital currency can inherit the advantages of cash payment (point-to-point payment, instant payment and settlement, convenient and fast), and solve the defects of cash at the same time. In this condition, controllable anonymity can be realized at the same time. That is to say, compared with traditional mobile payment, digital signature is used to effectively protect the personal information of each participant, so as to prevent the loss, leakage or malicious tampering of the user's personal information

3. Control the whole life cycle of currency and control the return of currency

The economist Stiglitz studies the macroeconomic management of e-money system, and points out that the electronization and digitalization of money will help to improve the ability of central bank to monitor money flow and organize market, and improve the effectiveness of monetary policy. More importantly, legal digital currency will create a new price based monetary policy tool, which can break the zero interest rate lower limit and release monetary policy space

Digital currency does not rely on physical outlets and labor services, and has low cost of infrastructure and human resources. It can obtain a larger service capacity with less material and human input, which is concive to the expansion of financial services in remote and poor areas. Moreover, financial services based on digital currency have the characteristics of small amount and convenience, such as "massive transactions, small and micro single amount", which create conditions for the general public to facilitate life and increase employment

6.

E-cash, like paper money, has no value in itself. It only depends on the credit of the issuer to reflect its value. It is a kind of digital information composed of 0 and 1 signed by the bank through electronic means, so it is also called digital currency. It is different from the credit card used now, because the credit card itself is not money, it is just a means of transfer, and e-cash itself is a kind of money, it can be directly used to buy goods. Although it is the same as gold coin and paper money, it does not need physical entity like them. Instead, it can make electronic payment only through data exchange to realize the function of cash. E-cash has the following characteristics:

one is the rapidity of mobile. It can send cash to distant places instantaneously through the network, so it has extremely fast mobility. Because it is a kind of digital information, like the usual data, it can be put in the computer and transmitted by the network. Moreover, it can be sent directly to the store terminal by the consumer terminal, so there is no need to pay the service charge to the intermediate settlement institution. However, because it can transfer large amounts of money to distant places instantaneously, it also increases the monitoring difficulty of financial management institutions, and also causes tax, legal, exchange rate instability and other problems

The other is the anonymity of payment (i.e. it is impossible to know who originally owned the money). Using cash can also achieve anonymity, but it is difficult to achieve it when using electronic settlement services (such as credit card). With the electronization of various social systems, there is a tendency to automatically collect personal secret information. Payment behavior is often the source of all kinds of personal secret information. Therefore, the use of e-cash will be an effective means of self-defense in the future computer society. However, the anonymity of e-cash will also provide the convenience of money laundering for money of unknown origin, so we should try to prevent it

The third is to improve the safety. Because the security measures it adopts are far more perfect than the current credit card, much safer than checking accounts and savings accounts, and will not be stolen or robbed like banknotes and coins

Fourthly, it can save cost. Banknotes need to be printed, transported, preserved, counted, anti-counterfeited and secured, which requires a lot of expenses. It is reported that the annual cost of transporting tangible currency in the United States is as high as US $6 billion, and that in the United Kingdom is as high as 200 million pounds. The cost of money settlement and transportation between the world bank system accounts for 5% of its total management fee. All these expenses can be saved when using e-cash

7.

From the end of 2019, digital RMB has been tested in Shenzhen, Suzhou, xiong'an New District, Cheng and the future Winter Olympics. Besides,

you have to pay the tax if you use your spare time to earn money. Anyway, I can't hide money

actually, now you use WeChat Alipay to collect money, don't the country know? I'm just too lazy to check

digital currency certainly has these functions, which is very difficult for large-scale money laundering in the future. For ordinary people, the state doesn't care about you

, and it is more powerful than AI, 5G and so on. Combining the two areas is a powerful weapon for the internationalization of RMB. Its purpose is to end the hegemony of the US dollar

8.

With the rise of blockchain technology, virtual currency has become one of the important application scenarios of blockchain technology. Virtual currency is a kind of virtual encrypted digital currency popular on the Internet Financial point-to-point lending platform. With the expansion of Internet consumption, virtual currency is generated and eventually circulates in a large number of virtual markets. With the development of virtual currency, these currencies can also be used as money for consumption. However, the risk of virtual currency as a currency transaction is very large. In order to prevent the development and spread of virtual currency, the country began to issue digital RMB in China

The advantage of digital RMB is very obvious, its use can greatly rece the waste of paper currency resources, and also facilitate the security of people's mobile consumption

9. Your step is too big. It is estimated that there will be such a day, but it will take time

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