How do you understand the inevitability of its development in the development of goods-general equivalent-currency-ratio-electronic currency development process
1 thought on “How do you understand the inevitability of its development in the development of goods-general equivalent-currency-ratio-electronic currency development process”
Leave a Comment
You must be logged in to post a comment.
The emergence of electronic currencies is the product of the information revolution. The generation and circulation of electronic currencies separate physical currencies from conceptual currencies. Real currencies have evolved into virtual currencies. In the context of globalization, how to reduce the "information cost" and "transaction costs". Electronic currencies have greatly broke through the time and space restrictions of the real world. The transmission of information flow and capital flow on the Internet is very fast and convenient. The gap between time and space is no longer an obstacle to the online world. At the same time, the Internet and electronic currencies have reduced huge amounts of money printing, issuance, cash circulation, physical handling, and money -order expenses, which greatly reduced the cost of time and space. And due to the characteristics of the convenience, versatility and efficiency of electronic currencies, in the process of use and settlement of electronic currencies, not only simplify the complex procedures of traditional currency in the past, but also the use and settlement of electronic currencies are not subject to time, place, and service. The restrictions of objects, people can complete transactions within their convenience time, whether they are purchased at home or abroad. In short, the emergence of networks and electricity has accelerated the globalization of the market and strengthened the global economy. People can handle economic affairs faster and more saving through the Internet and electronic currency. All of these have greatly reduced information search costs, reduced transaction costs, more social wealth and improved the scope and efficiency of resource optimization allocation. Therefore, the generation and development of electronic currencies can be said to be a senior stage of currency development and the third revolution in the history of currency.