kantha jewelry wholesale What is the difference between digital currency and virtual currency?

wholesale jewelry waltham Mobile payment means that mobile clients use electronic products such as mobile phones for electronic money payment. Mobile payment has created a new payment method, so that electronic currencies have begun to popularize. Because of the convenient and fast payment, preventing fake banknotes, and no need to find zero, etc., it is loved by many people. The Ministry of Commerce issued the "General Plan for the National Pilot Deepening of Trade Innovation and Development of Trade in China", which officially announced that digital currencies have expanded from 4 pilot cities to 28, which means that digital currencies are coming towards us. The same virtual currency and Bitcoin, etc. So can these virtual currency replace the status of paper currency?
For a few years in the future, 30 % -50 % of capital circulation will be replaced by digital currencies. Simply put, the central bank's digital currency is a digital replacement of RMB banknote, and it is also a digital currency and electronic payment tool. It mainly relies on controllable blockchain and algorithms of encryption. The original currency circulating currency is issued and circulated through the network to convert into a string of encrypted digital symbols.

D digital currency such as Bitcoin. One of the major features of the central bank's digital currency is issued by the central bank and has the same efficiency as the paper currency. It is a direct national credit endorsement. Essence And its operating system is consistent with the RMB. The double -layer operation system, that is, the central bank first exchanged digital currencies to commercial banks or other operating institutions, and then they would be exchanged to the public, and they would not change the debt and debt relationship between currency in circulation. And in order to ensure that the central bank's digital currencies will not be issued excessively, commercial institutions need to pay the central bank 100 % of the reserve.
Therefore, it is essentially no different from banknote RMB, and it will not be speculated like Bitcoin. In a short time, virtual currency must not completely replace traditional currencies. There are two main constraints. The first is the wishes of the user. Not everyone is used to this payment method. The second is the satisfaction of technical conditions, because the speed of transaction payment is mainly limited by technical implementation, and digital currency currency is used, and digital currencies The goal is to replace some cash in circulation. So for a long time, it should be used in parallel with banknotes.

reptiles wholesale jewelry Digital currencies can be counted as virtual currencies, but virtual currencies are not exactly digital currencies. Although the current hot Bitcoin and Ethereum can be regarded as digital currencies, the types of currencies may break through the digital category in the future.

14k jewelry supplies wholesale Digital currencies are legal currencies, and virtual currencies should be unprotected, and they cannot shop and settle.