Competition over the future of money and China

The old city of China and Sanishi Province, Taira, was once the "Wall Street" of the Qing Dynasty, and was the birthplace of modern banks that made money and settlements using the alternative to the world in the world. 。 Hira was registered as a UNESCO World Heritage Site, and in 2019, the People's Bank of China also issued commemorative coins. While paying respect in the past, China is facing the future from the front. In 2020, China began testing the digital RMB. This can have a revolutionary impact on the future of finance. There may still be few CEOs that are focusing on digital people, but given the destructive effects of pandemic in the new Coronavirus infection (COVID-19), what is the financial situation, including the trends of the digital people? It should change like that or watch the trend from now on.

China has launched a test operation of Digital Currency Electronic Payment (DCEP) in urban areas, and is currently considering expanding the operation area.DCEP is completely digitized and downloads using the approved app (digital wallet).Digital People's yuan may incorporate security technology such as blockchain and NFC (short -range wireless communication) that enables offline remittance by contacting two wallets (generally mobile equipment).。