4 thoughts on “Digital RMB is here, will our banknotes withdraw from history?”
Joel
With the development of technology, our payment methods are becoming more and more convenient. There is basically no need to bring RMB when going out, you can easily complete the payment by only one phone. You can use WeChat and Alipay money on the streets and online shopping. Some people call the digital RMB era. Does the rise of online payment mean the end of the banknotes, will our banknotes withdraw from the historical stage? I think the renminbi will not withdraw from the historical stage, at least in the next few decades. Why do you say that? There are several main reasons. First, there are many dangerous vulnerabilities paid online, and there are hidden safety hazards in payments. We often see someone sweeping a QR code and clicking an unknown link on TV, and the money in the mobile phone was transferred. This kind of news has not only appeared once or twice, so it reflects that the security factor of online payment is not high. If we go to the era of digital RMB completely now, it is still easy to happen at this stage. Therefore, it is impossible for banknotes to exit. The second, we are at this stage. The banknotes seem to use very little, but when we settlement, we still use banknotes, but this banknotes have become the amount of bank cards and mobile phones. If there is no banknote, we will not be able to settle. The banknotes at this time just turned from the front to the behind the scenes, which did not work. Imagine that if you can't withdraw money from one day, how can you pay with bank cards and mobile phones, even if you use Huayan and other tools to successfully pay, but that is it to pay back, what should you use? This is a problem. Third, network payment has certain limitations. First of all, we need a smartphone. This smartphone also needs to run a set of restaurants. You also need to register various software. These require a certain cultural foundation, like our grandparents older generation, they do not know the words and cannot operate at all. If you enter the era of digital RMB, one premise is that the national Internet coverage rate is 100 %, and the national cultural level must be at least graduating from junior high school.
Digital RMB is here, and our banknotes will not withdraw from history. Paper banknote is the most explicit evidence that records human development. Although digital RMB is very popular in China, most of the people have used digital banknotes. But it did not replace paper money.
The banknotes will not withdraw from the historical stage, but the frequency that may be used is slightly lower, but in many remote places, even older people will still use it.
Digital renminbi is here, and our banknotes will not withdraw from history, because some elderly people will not use digital RMB now, and a new set of new RMB has been published recently. Therefore, our banknotes will not withdraw from history.
With the development of technology, our payment methods are becoming more and more convenient. There is basically no need to bring RMB when going out, you can easily complete the payment by only one phone. You can use WeChat and Alipay money on the streets and online shopping. Some people call the digital RMB era. Does the rise of online payment mean the end of the banknotes, will our banknotes withdraw from the historical stage? I think the renminbi will not withdraw from the historical stage, at least in the next few decades. Why do you say that? There are several main reasons.
First, there are many dangerous vulnerabilities paid online, and there are hidden safety hazards in payments. We often see someone sweeping a QR code and clicking an unknown link on TV, and the money in the mobile phone was transferred. This kind of news has not only appeared once or twice, so it reflects that the security factor of online payment is not high. If we go to the era of digital RMB completely now, it is still easy to happen at this stage. Therefore, it is impossible for banknotes to exit.
The second, we are at this stage. The banknotes seem to use very little, but when we settlement, we still use banknotes, but this banknotes have become the amount of bank cards and mobile phones. If there is no banknote, we will not be able to settle. The banknotes at this time just turned from the front to the behind the scenes, which did not work. Imagine that if you can't withdraw money from one day, how can you pay with bank cards and mobile phones, even if you use Huayan and other tools to successfully pay, but that is it to pay back, what should you use? This is a problem.
Third, network payment has certain limitations. First of all, we need a smartphone. This smartphone also needs to run a set of restaurants. You also need to register various software. These require a certain cultural foundation, like our grandparents older generation, they do not know the words and cannot operate at all. If you enter the era of digital RMB, one premise is that the national Internet coverage rate is 100 %, and the national cultural level must be at least graduating from junior high school.
Digital RMB is here, and our banknotes will not withdraw from history. Paper banknote is the most explicit evidence that records human development. Although digital RMB is very popular in China, most of the people have used digital banknotes. But it did not replace paper money.
The banknotes will not withdraw from the historical stage, but the frequency that may be used is slightly lower, but in many remote places, even older people will still use it.
Digital renminbi is here, and our banknotes will not withdraw from history, because some elderly people will not use digital RMB now, and a new set of new RMB has been published recently. Therefore, our banknotes will not withdraw from history.