Follow up of wax digital currency
so, what's the significance of this digital currency? Why do you have to work hard to do this? For most people, it really won't have any impact, but for a small number of people, it will have a great impact. This small group of people are those who engage in illegal activities
for example, if some people are corrupt and accept bribes, they specify that they can't let others put money on the bank card. That means they are directly arrested, but they can't be found with cash. If we restrict the large amount of cash consumption in the future, for example, if you have to spend more than 5000 at one time, you can't use cash, you need to use digital currency. In this way, those who have bribed tens of millions of cash in their families may not want to spend all their money in their lifetime. And their illegal income doesn't go to the society. It's just paper. They still occupy space at home. Once they start to spend money in digital currency, it's easy to find out. That is to say, all our income will be counted. Once they are involved in crimes, it's easy to be caught. At that time, there will be less Telecom fraud, This is the meaning of digital currency
"I never thought that I would be able to use Alipay version of Alipay (PAYtm) back home. It's so exciting!" Chopra, a young boy who once studied in China and knows Alipay and WeChat, is satisfied with the current convenient consumption. Mobile phone payment makes him feel that life in Delhi is not much different from that in Shanghai. p>
the Indian government proposed the concept of "digital India" a few years ago, calling on people to use cashless payment in daily transactions. Subsequently, the order of banknote abolition accelerated the process of cashless payment to a certain extent
seeing the rise of China, they are all anxious to catch up< br />
in the first year, dog coin issued 100 billion pieces, and there was no upper limit. Through the continuous inflation of the market, from the perspective of the overall currency price expectation, dog coin is not as good as bitcoin
in addition, dog coins are highly centralized, with the top ten owners accounting for 41.35% of all the tokens in circulation, which can easily lead to price manipulation
the second is the loose community governance model, which contains a huge crisis behind the rise. It is also hard to predict the extent to which the dog bubble will expand or when the bubble will burst.
awax is the next generation of banking and financial platform. The awax platform will seamlessly transfer money between fiat money and cryptocurrency. Users can use fiat money to purchase cryptocurrency directly, that is, users can sell cryptocurrency and deposit it directly into their own account. By breaking the highly complex monopoly of the current asset management and global trusteeship ecosystem, any type of asset can be easily traded, cleared and settled. Legal currency, digital currency and other assets can be directly traded on the platform through the blockchain smart contract system
the awax system gives everyone access to real world assets and the possibility to participate in global economic progress, not just location or financial status.