We spend money every day, as small as personal food, drinking, and fun, to the operation of the capital chain of enterprises and the government -never sleep.With the popularization of electronic payment such as Alipay and WeChat payment, the rise of digital currencies, the use of coins in life is increasing.It from "none", but now it is "none."
What is the essence of currencySimla Investment?How does the new development of currency concepts affect the future financial situation?Is the "cashless society" coming?Xu Jin, a well -known young scholar and editor -in -chief of FT Chinese website, invited Xu Jin to talk about the evolution of currencies and the future financial situation.
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Currency and electronic payment
@Chalk: Does the banknotes still have the meaning of existence?Is it possible for the same currency globally in the future?
Xu Jin: In many countries, everyone prefer banknotes.The anonymity of banknotes may be an advantage in the future.If it is a strong currency banknote, it may even be future gold.
It is unlikely to universal a currency in the world, because this not only requires currency, finance, and economic integration, but also political integration.The twists and turns of the euro tell us that it is very difficult to launch regional currencies.
@Jiang Shuihan 1998: I have two questions to ask: 1Agra Investment. When people fully use digital payment, after discarding physical currencies such as banknotes, can they avoid inflation caused by increasing currency and reduce currency reduction?2. How does digital payment deal with hackers?
Xu Jin: The first question, I think today’s inflation is not caused by the currency issued by the central bank, but is related to financial and economic policies and expected expectations.So whether to use digital currencies is not the key. Personally, it does not affect inflation.
The second question is the problem that everyone cares about, but this problem should always exist.Generally speaking, digital currency can deal with most of the network attacks, but in reality, there are also cases of network attacks.
@: Why do we use credit cards more in foreign countries?
Xu Jin: Mainly path dependence.Credit cards abroad are relatively early, and the development is relatively mature. If there is no particularly inconvenient place, it is not necessary to switch an electronic payment.India’s electronic payment has developed rapidly, the cost of switching is relatively low, the income is relatively large, and it is naturally easy to promote.
@: The older generation always feels that cash is the safest way to store it under the bed (putting it around yourself). Is electronic payment safer than cash now?Is it the safest to exist banks?
Xu Jin: We do n’t understand or not get used to the elderly. In fact, it is just that the life experience is different. Perhaps from their perspective, their approach is completely rational.The electronic payment is higher than cash from a convenient perspective, but cash is also better than electronic payment, and security is wise.Under the current economic situation, money is safe.However, the domestic banking industry will usher in a lot of changes in the future. Save money may need to pay attention to small banks. It is recommended that single banks do not exceed 500,000, which is the upper limit of deposit insurance.
@Bib7ne: I had a problem when I read related articles, which has troubled me for a long time: the government in ancient times used currency depreciation (mixed with cheap metals during coins) to draw wealth from the people. How can this process realize this process?of?In other words, how can the government draw wealth through the difference between the face value and actual value of the new currency?In addition, can you not achieve the same effect directly to add currencyAhmedabad Stock?Why do you have to go through this method?Looking forward to your professional answer, thank you very much!
Xu Jin: Ancient coins were generally divided into precious metal coins and cheap metal coins.Because of high value, the real value is often closer to the nominal value of the currency. The face value of many currencies is linked to the weight (such as pounds). The precious metal coins are not large for the government.If the new casting currency is not adulterated, it is actually similar to the old coin, which is not profitable for the government.As you say, in ancient times, the government often deviated by incorporating cheap metals and casting thinner coins.
In summary, the official always wants to be hidden and largely extracts folk wealth. If fewer people find their adulteration, then adulteration can last longer.Conversely, if you find that or even reject this coin, it is also a problem for the government, so the technique should be as conceived as much as possible, so that it can last longer.
Digital currency and future
@: Digital currency conflicts with the laws of most countries, and countries using digital currencies will not be able to become international currencies.Because digital currencies need to provide personal privacy and be tracked and monitored, this is conflicted with most countries, and many countries do not use electronic payment.
Xu Jin: The development and law of digital currency do have a game.To put it simply, there are many digital currencies, and some may need to be linked to personal information, but more, in fact, the advantage is that its anonymity is.Not to mention, if the digital currency emerging in the market is issued by unofficially, one characteristic is the cross -border.
@Jiang Shuihan 1998: I would like to ask if digital currency is still valuable to bind the value of the expensive rare materials such as oil and gold like the US dollar?For example, is the circulation of digital currencies related to the country’s gold reserves?
Xu Jin: This problem is determined by the market. Obviously, most market participants now do not feel that they need to be bound.Even if you want to bind it, maybe more binding with the legal currency of the country, such as the digital fiat currency launched by the central bank.
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