Central bank digital money machine
Digital RMB, issued by the people's Bank of China, is a controllable anonymous payment tool with value characteristics and legal compensation, which is operated by designated operating institutions and exchanged with the public. It is based on the generalized account system, supports the loose coupling function of bank accounts, and is equivalent to banknotes and coins
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response time: December 23, 2020. Please refer to the official website of Ping An Bank for the latest business changes
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So far, Hangzhou City, Shenzhen City and Guizhou Province have become the three hot areas of the central bank's digital currency pilot, and the virtual digital currency ATM has not been installed yet
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China's digital currency characteristics:
China digital currency is the proct of the combination of traditional currency and the Internet, and is the Internet plus of financial and monetary domain. p>
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China's digital currency will be the only digital currency issued by the state in the world so far, with national credit and currency anchor that bitcoin and other digital currencies do not have
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China's digital currency can learn from blockchain and other new network technologies to enhance its own security and stability. Blockchain is also a kind of mesh topology, which can rece the task of the central server and has anti-counterfeiting function
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China's digital currency relies on a secure and stable Internet. The promotion and application of quantum communication technology is of great significance to the security of China's digital currency
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China's digital currency is based on the real RMB, not a kind of currency made out of thin air. The two are only different in form, the former is electronic data, the latter is RMB paper money
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China's digital currency is a kind of electronic currency created by digital network technology, which also has the main characteristics of network packets
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digital currency is an encrypted algorithm, just like a cash note with a unique number, which can not be tampered with< br />
what is China's digital currency:
inflation generally refers to the devaluation and price rise of banknotes caused by the issue of banknotes exceeding the amount of money actually needed in commodity circulation. Its essence is that the total social demand is greater than the total social supply< In modern economics, inflation means the rise of the overall price level. General inflation is the decline of market value or purchasing power of currency, while currency depreciation is the relative decline of currency value between two economies. The former is used to describe the national currency value, while the latter is used to describe the added value in the international market. The relationship between them is one of the controversies in economics
the circulation law of paper money shows that the circulation of paper money can not exceed the amount of gold and silver money it symbolically represents. Once it exceeds this amount, the paper money will depreciate and the price will rise, resulting in inflation. Inflation can only occur under the condition of paper currency circulation, but not under the condition of gold and silver currency circulation. Because gold and silver money has its own value, as a means of storage, it can spontaneously adjust the amount of money in circulation and make it adapt to the amount of money needed for commodity circulation. Under the condition of paper currency circulation, because paper currency itself has no value, it is only a symbol of gold and silver currency, and can not be used as a storage means. Therefore, if the circulation of paper currency exceeds the quantity needed for commodity circulation, it will depreciate
for example, if the amount of gold and silver currency needed in commodity circulation remains unchanged, and the amount of paper money issued exceeds twice the amount of gold and silver currency, the unit paper money can only represent 1 / 2 of the value of the unit gold and silver currency. In this case, if the price is measured by paper money, the price will double, which is commonly known as currency devaluation. At this time, the amount of paper money in circulation is double that of gold and silver money needed in circulation, which is inflation. In macroeconomics, inflation mainly refers to the general rise of prices and wages.