Will digital currency replace Alipay and WeChat? Insiders: There is no comparison at all!

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Nowadays, people are already used to using Alipay and WeChat to scan and pay. Except for the elderly who still carry some cash, young people basically no longer use cash. In order to cater to the trend of the times, from large shopping malls to small vendors, all have opened QR code payment functions. Recently, Alipay has also launched a face recognition function. Now it is more convenient for people to pay. Just face recognition, no password is needed, and the payment settlement is completed.

While Alipay and WeChat Pay are becoming popular, my country's central bank has launched digital currency. The biggest advantage of digital currency is that it can complete payment settlement without the Internet. At the same time, when your mobile phone is out of power, digital currency can also complete the payment function. From the current pilot situation, Nanjing's digital currency is to be paid through mobile phones, while the digital currency piloted in Shanghai is a visual card, equivalent to a canteen meal card. No mobile phone or Internet is required. Just touch the terminal payment device to complete the settlement. In addition, the card also displays information such as the balance and the number of times it has been used.

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Many people now ask, will digital currency replace Alipay and WeChat? In this regard, we think it is unlikely to completely replace them: First of all, the money in mobile payments is converted from practical currency. It requires us to deposit the money in the bank first, then transfer it from the bank to Alipay and WeChat, and then complete the payment on the Internet. The issuance of digital currency is the issuance of currency itself, but the original issuance was low-quality currency, which was replaced by digital currency. Digital currency can be used directly for payment, or it can be converted into Alipay and WeChat for payment.

Furthermore, mobile payment methods must be converted into cash or digital currency. It does not have anti-money laundering functions and has no traceability of the flow of funds. To put it bluntly, when you get digital currency, you can trace the issuance date of the currency and the number of people who handled it. These detailed information can be found. Therefore, compared with paper currency, digital currency is more advanced in anti-money laundering and curbing illegal transactions. In the future, some people will hold digital currency visual cards and go shopping outside, which will have a certain impact on the use of mobile payments, but the overall impact is not significant.

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Finally, digital currency is a currency that circulates like paper money, so it can be used without the Internet or even a mobile phone, and it only serves a payment function. Alipay and WeChat Pay not only have payment functions, but also have functions such as borrowing money, financial management, and even taxi functions, life payment, and mobile phone recharge. It can be seen that Alipay and WeChat also have other functions that are closely related to people's lives. Therefore, to say that digital currency completely replaces Alipay and WeChat may still be a lack of understanding of digital currency!