Will electronic payment completely replace money in the future?

Digital currency has not given an accurate definition internationally, but the most direct difference with electronic payment is the subject matter behind it. Electronic Payment Although we can make remittance payment directly online without touching cash, it should be noted that the cash behind it is still "cash". Just through WeChat, Alipay, etc. Then the cash in our hand can be converted into a series of numbers for online consumption payment transfer, which is actually a transfer between banks. The biggest difference in digital currency is that there is no centralized issuer, and anyone can participate in manufacturing and circulate around the world.

As Internet giants such as Facebook/Wal-Mart continue to enter the blockchain, they are preparing to issue their own digital currency; Push digital currency into public view again. Whether digital currency can replace electronic payment is also the focus of attention.

With the rise of blockchain, digital currency has the advantages of blockchain technology, such as decentralization/distribution, openness and transparency, and is not easy to be tampered with. Therefore, it is not impossible for digital currency to replace electronic payment, but it is still difficult for the current policy supervision.

Digital currency needs to be promoted step by step, and it is not easy to implant it too quickly. At present, the general public still has some misunderstandings about digital currency.

The soaring of digital currency such as Bitcoin in this decade actually benefited from marketing, that is, speculation, but the actual circulation value has not been fully displayed. After the skyrocketing, chicken feathers in one place also discouraged onlookers. At the same time, the concept of blockchain technology has not been well understood by the public at present, because blockchain technology itself involves a wide range and is difficult to understand.

The popularity of blockchain and the public's misunderstanding of the concept of digital currency are one of the main reasons that plague the development of digital currency.

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