Will digital currency cancel cash

1. Taking the present level of science and technology as an example, if the level of science and technology and humanistic quality have reached a certain height, then the social credit system will replace money. Whether it's cash or electronic money

we hope to adopt it.

2. In theory, the central bank issues digital currency to replace paper money. However, this process is very slow, because the development of various regions in China is seriously unbalanced, and the acceptance of digital currency is also different. The digital currency trial run by the central bank is only applied to the bill market
in the future, there may be many digital currencies in China, and each digital currency will have its own application. For example, Puyin is a very interesting digital currency, which corresponds to the assets related to tea.

3. Can also be used, there is a digital currency does not mean that the RMB can not be used

4.

Fourth, in terms of financial services, it mainly refers to various intermediary businesses such as collection and payment, consulting and so on. For example, the collection of water, electricity and coal is small and the number of users is huge. These companies will still entrust the bank to collect, and they still need to open an account in the bank, so the impact of digital currency issuance on financial services is small. Fifthly, the function of credit creation mainly refers to that the loan is re deposited in the bank, waiting for investment or use, resulting in derivative deposits and currency multiplier effect, which has nothing to do with the issue of digital currency

the issuance of digital currency will not rece the number of bank outlets, because the basic function of the bank is far from the payment intermediary function, as well as macroeconomic regulation, the development of deposit and loan business, as well as financial services, intermediary business, and so on. What's more, many people still insist on using cash to pay and transfer. Therefore, the issue of digital currency can not eliminate the outlets of banks. The real impact on bank outlets is the rise of Internet finance. Banking business moves from offline to online. People generally accept using mobile banking app to deal with business, and then the physical outlets of banks will be canceled

5. In theory, all the money in circulation now will disappear over time. Because, the existing currency will graally not adapt to the needs of social development and graally be eliminated, just as now the third-party payment has begun to replace the trend of cash transactions. After the degree of economic development reaches a certain level and the infrastructure is perfect enough, paperless transaction will become a reality
the central bank has made it clear that it will issue digital currency, which has the function of legal currency. The token issued by European crowdfunding platform for crowdfunding projects only exists as an asset certificate, which can be traded in the market and the exit mechanism is more flexible; Of course, the digital currency launched by some platforms is used as platform points.

6. If there is a sign, who will sell bitcoin? If everyone knows in advance, they will be millionaires.

7. In theory, digital currency will graally replace paper money, and paper money will slowly disappear. Online payment is relatively safe, but not absolutely safe
digital currency has the main characteristics of network packets. This kind of data packet is composed of data code and identification code. The data code is the content we need to transmit, while the identification code indicates where the data packet comes from and goes
based on the characteristics of digital currency, the direct benefit of digital currency to the central bank is not only to save the cost of note issuance, circulation and settlement, but also to enhance the central bank's ability to control funds. Compared with paper money, digital currency has the advantages of lower issuing cost, lower transaction cost, traceable, and higher counterfeiting cost. Therefore, digital currency is a trend in the future
in China, some well-known application-oriented digital currencies have emerged, such as Puyin, which is very interesting and known as a standard digital currency.

8. The central bank's preparation for the establishment of the digital currency Research Institute is only a study, and there is no conflict with the current paper currency. The function of this research is to study feasible schemes. The central bank has been paying attention to digital currency for a long time, and has started the work related to digital currency
however, when the digital currency scheme is implemented in the future, cash can still be used universally, because it is determined by China's national conditions. Bitcoin, Leyte, decent and other digital currencies may only exist as an asset class in the future.

9. Because most of the electronic payment is used now, as long as you have a mobile phone, you can easily complete all the daily collection and payment. Many businesses also refuse cash for various reasons, which makes many elderly people and special groups feel anxious and at a loss< p> Due to the repeated environment, many businesses have launched contactless payment, that is, electronic payment, for security reasons, refusing cash payment. This obviously saves a lot of trouble for their settlement. If they don't receive cash, they don't need to count it every day and send it to the bank. Obviously, the merchants have also considered the labor or time cost. Businesses are more convenient, and most consumers can accept it, but for many special groups, when they are refused cash payment, they are at a loss. They do not use smart phones to pay, and many people even use traditional mobile phones

in the era of cash flow, in the daily payment of money, you can skillfully calculate how much you want to pay or how much change you want. In fact, this kind of exercise is also in the brain. When it is completely handed over to digital currency, this kind of basic operation seems to be unnecessary