What's the hottest thing in the currency circle? Of course, it's digital currency. The rising of digital currency industry brings the development of currency. There is another kind of electronic money. The most common way you think about is bank card payment. Today, I will introduce the significance and difference between Digital Currency and electronic currency.
In fact, the digital currency is the index RMB, which is a kind of legally encrypted digital currency. It is not only a payment tool but also a currency itself. And it differs from Alipay and WeChat in their nature of payment. Alipay, WeChat payment and mobile banking are all electronic money, not digital money. These are all payment methods based on electronic accounts, which are essentially only an information-based process of the existing legal currency, not a digital currency in a strict sense.
And it is totally different from q-coin and bitcoin. Generally speaking, q-coin and bitcoin belong to virtual currency. Compared with digital currency, the most fundamental difference lies in the issuer.
Electronic currency: it refers to the exchange of a certain amount of cash or deposit from the issuer and the acquisition of data representing the same amount, and the direct transfer of the data to the payment object by using some electronic methods, so as to be able to pay off the debt. Strictly speaking, consumers pay traditional money to the issuer of electronic money, and the issuer stores the equal value of traditional money in electronic form in the electronic equipment held by consumers. In short, when we deposit our money in our bank account, a number will be added to the bank account, indicating how much money we have saved. In this process, we give the bank our paper money and the bank adds a number to our bank card. This number is our electronic currency.
In fact, electronic money is the electronization of legal tender, including our common bank cards, Internet banking, electronic cash, etc., and the third party payment developed in recent years, such as Alipay, WeChat payment, etc. Regardless of the form of these electronic currencies and the institutions through which they are circulated, their original source is the legal currency issued by the central bank.
Therefore, the digital currency must be currency, and the currency must be sovereign currency or legal currency under the current social system. Secondly, digital currency must have the basic attributes and main functions of currency.
The above is the basic knowledge about digital currency and electronic currency that Xiaobian explained to you. In fact, there is a lot of knowledge about digital currency and electronic currency. You can have a deeper understanding after you are familiar with it. Of course, we can see that digital currency is actually safer and easier to distribute than cash payment, reducing personal security risks.