Does digital currency really exist? What are the impacts of digital currency's advantages on WeChat Alipay?

How long have you been out of cash? In the past, this problem was almost unimaginable. But now, with the development of science and technology, almost all our activities can be solved by mobile phones. We are no longer afraid of having our wallets stolen, because we don't have wallets at all.

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China's "Four New Inventions"

There were four great inventions in ancient China, and there were "four new inventions" in modern times. High-speed rail, mobile payment, bicycle enjoyment and online shopping are all great modern inventions. Times are changing, but China people's innovation and entrepreneurial spirit have not changed. Netizens believe that mobile payment is the "four new inventions" that have the greatest impact on people's daily lives. Whether buying a high-speed train ticket, enjoying a bicycle with * *, or shopping online, it is inseparable from the convenient means of mobile payment.

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Mobile payment has brought great changes to our lives. In the field of mobile payment, Alipay and WeChat are two giants. These two Internet giants have been competing in this field for years, but the latest news from the central bank has broken this competition. Perhaps in the future, we will no longer need to use these two payment applications.

Has this day arrived?

A few months ago, a picture of Agricultural Bank of China digital currency closing its bank account was widely circulated on the Internet, but the institution responded. According to the Monetary Research Institute of the Central Bank, the current technological research and development process of using DC/EP to transmit information does not mean that digital currency is officially launched. Although digital currency has not been officially launched, it seems that it is not far from us.

Digital currency, the central bank, refers to the digital currency issued by the central bank. It is the debt of the central bank and has national credit, which is equivalent to legal tender. Digital currency of China People's Bank is also different from digital currency of other central banks, namely "DC/EP", namely digital currency and electronic payment tools.

The digital currency of the central bank is legal tender, which means that enterprises cannot refuse it. In terms of legal nature, its effectiveness and security are the highest. Once online, WeChat and Alipay will undoubtedly become Alipay's first competitors. These two payment devices have been an important part of our daily life for many years, but this time, they really have something to compete with.

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As can be seen from the screenshot of digital currency wallet in agriculture, the main function of electronic account is similar to the basic management function of daily payment in banks. For example, the homepage of digital currency wallet of Agricultural Bank of China has four common functions: scanning code to pay, transferring money, paying and touching. In addition, digital currency of the central bank also has a unique "offline payment" function, even if the mobile phone has no Internet, digital currency can provide full payment. In addition, you can transfer money by mobile phone number, and more functions will be expanded.

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Impact on WeChat and Alipay

Alipay achieved such a high status mainly because it started early. As the saying goes, the early bird catches the worm. In 2004, when the Internet in China was still in its infancy and online shopping was not accepted by the public, Ma Yun added fuel to the flames and set up Alipay, a third-party payment platform.

Ma Yun's Alipay is in a leading position in the current payment field, while WeChat payment lags behind Alipay by 1 1 year. But because Tencent relies on WeChat with billions of users, it doesn't need to spend too much energy at all. As long as there is a red envelope in the Spring Festival, it can attract hundreds of millions of people and hundreds of millions of bank cards.

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But this time, the arrival of digital currency may change this situation. Relevant persons said that although the digital currency of the central bank is legal tender, WeChat payment and Alipay are just different payment methods. Specifically, institutions or individuals do not accept Alipay or WeChat payment, and there is no legal problem. But it is illegal to refuse users to pay in cash or digital currency. In addition, the three belong to different levels. Digital currency belongs to the national credit, which is greater than that of commercial banks and Internet companies.

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So, what are the advantages of digital currency?

1, easy to use. The use of digital currency is not limited by time, physical space or traditional system. There is also "offline payment", that is, two mobile phones can transfer money and pay by touching each other without using network signals.

2. Low cost. Due to the digital form of digital currency, its transfer and maintenance costs are extremely low, and the cost of currency issuance is greatly reduced.

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3. There are few intermediate links. Digital currency supports point-to-point transfer without the assistance of a third party, which saves clearing and settlement, and is particularly convenient in cross-border and inter-agency transfer.

4. Strong anti-counterfeiting ability. The use of digital currency needs to support specific functions and transactions of multiple witnesses. Therefore, it is almost impossible to avoid detecting digital currency's forgery.

5. Strong anonymity. Digital currency is as anonymous as cash, which can provide users with good privacy protection.

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Judging from the current situation, the emergence of digital currency may not lead to the disappearance of WeChat and Alipay from people's lives, but it will certainly have different degrees of influence on them. At present, China's monetary technology can be said to be in the forefront of the world, and foreign countries are still using cash. We have entered the era of "no cash", so do you expect a new era in digital currency? What do you think of digital currency?