The work of comprehensively promoting digital currency is very complicated and requires preparations in all aspects. At the same time, it is necessary to increase publicity efforts so that people can accept this currency.
According to the timetable given by the central bank, all replacement work needs to be completed before October this year, which means that after October, banknotes will no longer circulate in the market.
If the money is in a bank account, it's okay to say that there is no need to exchange it specifically. However, the cash held by many people must be exchanged at various banks, otherwise it will become invalid after it expires.
In order to avoid losses to the masses, the central bank and the government have sent a large number of propaganda personnel to the grassroots level to prevent people from converting banknotes into digital currencies when the time comes.
More importantly, people need to understand the benefits of digital currency to avoid their resistance, increase the difficulty of issuing digital currency, and slow down the overall pace.
Publicity is naturally an important task, but more importantly, it is still necessary to create more convenient digital currency circulation channels so that everyone can use digital currency for consumption without any barriers.
And these tasks are more complicated, and all walks of life in the country need to replace a large number of equipment. Fortunately, some of the work has been done in advance instead of starting from scratch.
In order to promote its online payment tools offline, Xinghan Technology Company has spent a lot of energy and money, allowing many merchants to accept QR code offline payments, and at the same time making people familiar with this payment tool.
QR code payment is the cheapest way to collect money for most merchants. In addition, large merchants have also purchased other hardware collection equipment.
In fact, other merchants are following suit. As long as most of the sales channels are solved, they can basically complete the layout, and here, Shangtong Trading Company plays a decisive role.
They own about 90% of domestic retail channels, and the remaining share is also owned by state-owned enterprises. Although there are also privately owned retail channels, their proportion is not high.
Shangtong Trading Company has previously cooperated with the central bank in conducting actual circulation tests of digital currency. In fact, they are already very familiar with it. All processes have been adjusted and have reached the level of actual use.
However, not all channels were tested during the test. This time they only need to replace the remaining retail channels based on previous experience.
Although the online payment tool of Xinghan Technology Company can directly consume digital currency, this can only be one of the channels, and it does not represent all. In order to meet the payment needs of different consumers, more possibilities must be provided.
For example, bank card payment cannot be made through QR codes. Special card reading equipment must be installed and connected to major banks.
And now major banks are also preparing to issue digital currency wallet cards specifically used to replace cash payments. This wallet card can not only display the amount of currency in the wallet, but also enable peer-to-peer currency circulation.
In other words, this kind of wallet card can directly set the currency payment amount, and then directly touch it with other wallet cards at close range to realize face-to-face transaction payment, which is much more convenient than traditional bank cards.
In this case, this wallet card is equivalent to an individual's actual wallet, but it just replaces a medium. Moreover, this wallet card realizes satellite communication connection and can exchange data with one's own central bank personal digital wallet in real time.
It can be said that the technical content of this digital currency wallet card is absolutely top-notch in this era. It uses many advanced technologies to be able to put so many functions into a thin card.
Not only does it have many built-in chips, it also has a digital currency display screen, as well as many digital buttons and function keys. Only with so many functions can the digital currency wallet card have the possibility of comprehensive promotion.
Of course, price is also one of them. Due to the leading technology, even if this wallet card does not make money, the cost is not low, with the cost price reaching 50 yuan.
However, many new materials are used to make this wallet card very waterproof, fireproof and anti-breakage, and has a very long service life. If it is not deliberately damaged, it can be used for 100 years without breaking.
From this perspective, the price is actually not expensive. After all, a better wallet also costs a lot of money, and the service life is not that long.
Of course, it is not just individual consumers and retail outlets that need to make changes. In the future, business between enterprises will also need to undergo major changes. Digital currencies will completely replace cash.
However, most of the business on the corporate side is through bank account transfers, and only a very small part of it is relatively easy to implement, and some even do not need to make too many changes at all.
In addition, public service facilities require large-scale equipment replacement. For example, the buses mentioned before must now be equipped with a sensor card swiping system or QR code payment collection.
Since the replacement of other equipment cannot be done in a short time, and the replacement cost is relatively high, many companies and individuals are preparing to use QR codes to complete transactions.
Fortunately, the number of smartphone users in China is currently very high, accounting for more than half of the total population. Using QR codes to pay is very convenient and fast. It is a relatively cheap payment method and the easiest way to implement it.
It is because of the many advantages of QR code payment that he asked Xinghan Technology Company to implement comprehensive promotion as soon as possible. On the one hand, it is naturally to prepare for the current digital currency era.
On the other hand, it also further consolidates Xinghan Technology Company’s online payment system so that it will not be eliminated by other payment methods in the digital currency era due to slow deployment.
In fact, our country's comprehensive promotion of digital currency in the country has not only caused a sensation within our country. During this period, almost all media have paid close attention to this area. There are a large number of news reports every day, and there are various interpretations on the Internet.
Globally, the influence brought by digital currency is also a sensational effect. However, compared with domestic media, foreign media have different interpretations of digital currency.
Domestic people are very supportive of the government's decision-making. Although they do not understand the technical principles behind it, they always believe that since the government has begun to promote it, it means that the technology is very mature.
But the situation abroad is different. Although our country's central bank has also disclosed relevant technologies to the outside world, these are just some theoretical things. How to implement them has not revealed too many details.
Therefore, a considerable number of people in the foreign media are badmouthing this plan, thinking that this is likely to be a failed attempt. Although the idea is good, the price paid will be very huge.
Of course, in addition to those who pessimize, there are also those who support it. After all, our country's technological strength has undergone earth-shaking changes in just 10 years, especially in the fields of network communications, electronic semiconductors, etc., it has always been at the forefront of the world.
If there is any country in the world that has the strength to complete this great plan, it can only be China, because we are more qualified in this regard.
If this plan can really be realized, it will have a very large impact. Now people are gradually realizing that the world has entered the digital age.
Digital currency is the most suitable type of currency in the digital era. It can provide better basic conditions for the rapid development of the digital era. It is a currency that truly belongs to the digital era.
Therefore, the promotion and implementation of digital currency will provide more development opportunities for our country's development in the digital era, and help our country's economic development speed become faster in the digital era.
In fact, foreign countries are very worried about this, because they can still see the benefits of digital currency, but they do not have any technical reserves in this area, so it is naturally very difficult to follow up.
Especially for countries like Yingjiang, their currency itself is the payment currency for international trade and occupies a very important international status. It is not an exaggeration to call it a global currency.
If our country really realizes the full use of digital currency in the country, after a period of actual operation experience, it will be proved that digital currency is safe and reliable and can fully replace cash.
So in the next step, will digital currencies also be promoted in international trade? This is what they are very worried about. If their currency's international payment status is replaced, it will bring huge disaster to them.
Over the years, as our country has excelled in economic development and high-tech fields, life has become increasingly difficult for established developed countries, especially Eagle Sauce.
They had been worried about their twin fiscal and trade deficits before, and had taken many measures, but the effect was not particularly obvious because they had lost too much of their advantage in tradable goods.
After all, their currency is an international transaction currency. At first, they cautiously issued national bonds to make up for their fiscal and trade deficits. They found that this was quite easy to use and saved time and effort.
Therefore, in the following years, they gradually accelerated the intensity of this deficit, and it increased year by year. If their currency was always an international trade currency, there would not be too big a problem in a short time.
However, if digital currency enters the international market, compared with the advantages of the US dollar, it is likely to replace the US dollar in a relatively short period of time and become the new global trade settlement currency.
This is not only determined by the characteristics of digital currency, but also has the backing of our country. If it is really promoted, the difficulty will be further reduced.
Our country is currently the world's largest trade exporter and the world's largest exporter of technology products. Many of our export products are needed by various countries and are hard currencies. Their status is not much different from key resources such as oil.
From this perspective, our country has the foundation to promote the digital renminbi on a large scale in international trade. Not to mention completely replacing the status of the US dollar, it can at least have a large proportion.
The only thing that is currently troubling the global promotion of my country's digital currency is that my country's annual trade surplus is too large, making it difficult for my country's currency to go overseas. On the contrary, my country has very rich foreign exchange reserves.
Generally speaking, if you want your currency to circulate globally, you must let your currency flow out of the country. The most common one is trade outflow, that is, trade deficit.
Of course, there are other methods, such as foreign investment, currency swaps, etc., but the most natural one is to maintain a moderate trade deficit, and this process is also part of the dividend of being an international currency country.
It is also commonly known that you can buy a large number of goods from various countries just by printing money. This means that you can own the goods and natural resources that others have worked hard to produce without any effort.
In addition, by taking advantage of the international currency status and using financial means, the global currency circulation can be manipulated, so as to financially exploit other countries to make up for previous deficit losses in international trade.
This is why every once in a while, Eagle Sauce will make big currency-related moves, triggering an international financial crisis, thereby harvesting the wealth of emerging countries. This is the behavior of regular sheep shearing.
No matter from which perspective, our country's digital currency issuance has attracted the attention of the world, because this is a feat that ushered in a new era in human currency history.
Human society has changed several types of transaction currencies according to different development stages and processes, from the initial barter, to shells, to metal currency, and now to the widely used banknotes.
Every currency change is not only a breakthrough in science and technology, but also a need for social and economic development. Just like modern economic development, only banknotes can meet the needs of trade.
Because the source cost of other currencies is very high and the quantity is very limited, they simply cannot meet the needs of modern economic and social development. Relatively speaking, banknotes are very suitable, with low cost and large quantity.
However, in the digital era, banknotes will gradually fail to keep up with the needs of economic development, because the digital economy will account for an ever-increasing share of the overall economy in the future.
Even if paper money can be traded through transfer, it still needs to be transported from one place to another place where we can't see it. These are all costs.
Obviously, the cost of digital currency in the transaction and circulation process will become cheaper and faster, which can further accelerate social and economic development and provide more convenience for people's lives.
Since digital currency is currently only used domestically and does not involve international trade, our government has not been affected by foreign public opinion and is still implementing it step by step.
The most important of these is to carry out a series of reforms to the domestic financial system around the use of digital currency, so that the entire domestic financial system can be more suitable for the operation of the digital currency era and improve the efficiency of our country's financial system.
Of course, the ultimate goal is to help my country's economy achieve higher-quality and more efficient development and lay a solid foundation for sustained and healthy economic development in the future.
For example, my country's inter-bank settlement system needs to undergo certain reforms to reduce inter-bank settlement costs. In addition, there are also handling fees for users' inter-bank transfers and personal digital currency wallet transfers.
These require new adjustments and regulations based on new changes, and the issues involved are very complex, but these things have little to do with Zhao Yi.
He and his companies only need to ensure the technical issues of digital currency, cooperation with promotion issues, related hardware production and support issues, and ensure the smooth operation of the entire digital currency system.
The Zhao family also has a lot of cash, which is mainly used to give red envelopes to the family helpers during the Chinese New Year and holidays, or to reward them if they are very satisfied with their services.
The cash also needs to be taken to the bank to be converted into digital currency, which adds up to about 100,000. If it were not for this purpose, his family would not need to store so much cash.
The cash was exchanged by Lin Hexia, and when they came back, they only exchanged it for a digital currency wallet card. This wallet card was designed by Zhao Yi himself.
In order to embed so many functions into such a shallow card, he used a lot of black technology, including not only NFC chips, processing chips, memory chips, display chips, but also built-in satellite communication system chips.
Moreover, the materials used are also technical information provided by him. If there are no materials specially provided by him, it is estimated that only ordinary materials can be used, and the durability will be compromised.
In addition, the most important thing is security. It contains security technology specially provided by him. Even if it is picked up by someone, you will not be able to get out a penny. For the lost person, you only need to use your identity certificate to apply for a new one. Just Zhang.
Without the many technologies he provided, the cost of making such a high-tech wallet card would definitely not be just 50 yuan, but at least a few hundred yuan.
In other words, the value of the technology he provides is as high as hundreds of dollars. It is precisely because the research and development costs are ignored that when manufacturing, only the production costs need to be calculated.
"Seeing so much cash in exchange for such a thin card with a bunch of numbers inside, I suddenly wasn't so excited." Lin Hexia said while sitting on the sofa, looking at the wallet card in his hand.
This is indeed the case. Cash gives people a stronger intuitive feeling. If you exchange the same amount of money into cash, you will feel as if you are rich.
But when you change it to a string of numbers, even if it's tens or millions, you still feel poor. This is not only a matter of habit, but also a matter of visual perception.
“You will find in the future that after switching to digital currency, people will spend money at a significantly faster speed. Before using cash, spending ten yuan was really ten yuan, and you have a real feeling.
But when you swipe a card and spend ten yuan, you don’t feel that much. It just feels like a change in a series of numbers. This is very conducive to expanding domestic demand and increasing the contribution of the consumer side to the domestic economy. "Zhao Yi said with a smile.
He is actually quite willing to offer higher wages to his employees, but he is afraid that employees will not use the money for consumption but keep saving, which will seriously reduce the contribution of the consumer side to the economy.
Our country is pretty good now. After all, there are fewer reasons to save money. There are very complete systems for education, medical care, and pensions. You don’t need to save a lot of money for these to get certain protection.
As for the field of personal investment, the scope is very narrow. Currently, there is only one financial investment channel, the stock market. For example, real estate investment is not currently open in China, and there is a high probability that it will not be opened on a large scale in the future.
It can be said that the promotion of digital currency can effectively activate our country's consumer market, further comprehensively enhance our country's economic scale and vitality, and reduce our country's dependence on the external economy. (End of chapter)