#Digitalcurrencies are a new type of carriers of money, but they do not promote the evolvement of credits of money, said CF40 member Zhong Wei, 1/6. cf40.org.cn/uploads/newsle…
The evolvements of the nature of #money and the supply of money stand out in the development of the monetary system. 2/6
The encryption system of money features a triple structure – the encryption of base digital currencies, the encryption of the digital accounts and the encryption of the entire payment and settlement system. 3/6
In the future, digital currencies may totally squeeze out traditional money, as they could be unencrypted and stored as a balance in encrypted digital accounts. 4/6
Digital currencies may change our modes of payments and the position of central banks in the financial market. 5/6
Traditional payment modes supported by commercial banks may be phased out, while “super central banks” that can create demands for credits may play a bigger role in the national economic systems. 6/6
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