How can central bank digital currency develop abroad

1.

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

extended data

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

reference materials

network digital currency

2. What are the current views of central banks on digital currency? Money is money. It's inflated now

3. 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

4.

According to the published data and conclusions, China will be ahead of foreign countries in terms of science and technology theory, e-payment habit and mature payment system{ RRRRR}

finally, in China, the electronic payment system is relatively perfect, that is to say, if digital currency is implemented in the future, it can be easily implemented, and the related construction cost is relatively low. Moreover, whether it is digital currency or electronic payment, the difference between the two is not big, and digital currency can adapt to more diverse scenarios, and people can accept it more easily, It will not become unaccustomed because of the sudden change, which will also lay a good foundation for the development of digital currency in our country. However, such a system and payment habit are not possessed by other countries at all, and most countries are not used to electronic payment, so there is no digital currency base at all

5. China's legal digital currency DCEP (digital currency electronic payment) is still under test and has not been officially issued. The specific scope and method of use have not yet been announced
recently, the central bank refuted the rumor that DCEP has not been issued and no asset trading platform has been authorized to conct transactions. At present, the legal digital currency is still in the process of research and testing, and the launch time of online legal digital currency is inaccurate.

6. Recently, a senior real estate investor named Alec has received calls from countless buyers from all over the world, including Italy and China, who want to buy the house Alec is selling, although they don't know the specific address of the house

the market is so hot because Alec released such a message before:

Auckland (located in the west coast of the United States, California, San Francisco, less than half an hour's drive), a set of four rooms and two bathrooms, which has recently been renovated and sold for $648000, accept payment in bitcoin, Ethereum or other cryptocurrencies

as soon as the news spread, telephone calls and e-mails for consultation flooded in

as we all know, houses near San Francisco are always in short supply. Usually, a house can receive more than ten offers

this is a market where sellers have an absolute advantage. In fact, Alec doesn't worry about not being able to sell

so why did he choose to accept cryptocurrency payment? The answer is only two words: try fresh

from 2017 to the present, blockchain is in a period of vigorous development, and Alec also wants to try something new. As a senior real estate investor, his first thought is, of course, how to connect cryptocurrency with real estate

to this end, he visited a large number of blockchain start-ups in Silicon Valley, involving property rights records, cross-border transactions, crowdfunding investment, equity transfer, and learning about cryptocurrency

in the end, he decided to experience the cryptocurrency market in the simplest way: accepting buyers to pay for cryptocurrency

as for the pros and cons of trying fresh food, Alec analyzes it as follows: "the price of cryptocurrency is constantly fluctuating for a house of more than 700000 yuan. If all the houses accept cryptocurrency, the fluctuation is not a small number; The harvest is that you do a lot of homework when you try new ideas, and you can learn about a brand new market. "

in the end, he accepted a hybrid scheme: more than half of the money was paid in US dollars, and the remaining half in ether. This part of etheric currency is calculated according to the currency price on the end of the transaction, and is paid according to the exchange value between us dollar and etheric currency

Yes, Ethereum is the popular eth in 2017, and its market value is second only to bitcoin.

8. Zero3 international settlement center adopts blockchain technology to complete cross-border payment through valuable digital assets euz. Compared with the traditional use of foreign exchange purchase and exchange between international banks, in 2018, ant financial services has actually tried to use blockchain technology in the field of international cross-border payment, so it is very good to use blockchain technology in Cross-border payment.

9. Hello, security
future trend
in November 2016, the central bank prepared digital currency, and it is likely that cash will not exist in ten years

in November 2016, China digital currency Research Institute was established to cultivate high-level talents of digital currency, carry out digital currency research, consultation, development planning and related activities. It is a non-profit unit with legal license approved by relevant ministries and commissions, and is committed to promoting the integrated development of scientific research and practice of digital currency instry

up to now, Hangzhou, Shenzhen and Guizhou have become three hot areas for the central bank's digital currency pilot. It is reported that Hangzhou is actively promoting the planning and construction of Qiantang River financial harbor, including the blockchain instry. Hangzhou will build the first blockchain Instrial Park in China, which is located in the Internet Finance town of Xihu District, surrounded by ant financial services, e-commerce bank, Zhejiang University and its science and Technology Park and other well-known enterprises and parks[ 1]