This shows that digital currency has solved the main technical problems, but in order to solve the stability and safety problems, it has also carried out internal tests in a small-scale and high-density environment. If all goes well, some compression tests will be carried out using the Winter Olympics. It is understood that during the pilot test of internal closure in digital currency, the salaries of all district-level organs, enterprises and institutions in Xiangcheng District of Suzhou will be paid by the staff of the four state-owned banks of workers, peasants and China Construction, and will be completed before the end of April. Starting from May, 50% of the salary will be paid in the form of digital currency.
As a kind of physical currency, paper money has some defects, such as low technical content and low cost of counterfeiting. It is easy to be forged anonymously, and there are risks such as money laundering and terrorist financing. If DCEP is used instead of banknotes and coins, although the above risks still exist, regulators can use big data to deal with them. Secondly, with the increasing popularity of mobile payment, the frequency of using cash is greatly reduced, but as long as mobile payment can be used, people are basically reluctant to carry cash. Moreover, the cost of issuing, printing, returning and keeping banknotes and coins is very high, and a lot of money needs to be invested for anti-counterfeiting treatment and so on.
Digital currency is issued by the central government, that is, the electronic version of RMB. It is a digital payment tool with value characteristics. The digital currency of the central bank has a national credit endorsement, so the currency value is very stable. At present, digital currency of the central bank adopts the latest dual offline technology, which can still be used even if there is no cell phone signal. In the absence of Internet, as long as you touch the mobile phones with digital currency wallet together, you can easily complete the transfer or payment. In terms of use, digital currency, the central bank, does not pay interest, and can be used in small, retail and high-frequency business scenarios, which is no different from paper money. To sum up briefly, digital currency is money, but the form has changed from paper to virtual digital form. Its application scope is exactly the same as that of paper money, and it can circulate like paper money.
In addition, for some normal anonymous payment needs of the public, the existing payment tools can not meet them, such as Alipay, WeChat payment, credit cards, bank cards and so on. , are bound to the bank account system. Digital currency can not only keep the attributes and main value characteristics of cash, but also meet the needs of portability and anonymity. Digital currency is also conducive to the protection of monetary sovereignty and status. Banking institutions in many big countries have also laid out international digital currency, hoping to take the lead in occupying the global market.