The Development and Impact of Central Bank Digital Currency
These authors contributed equally
- DOI
- 10.2991/aebmr.k.220603.056How to use a DOI?
- Keywords
- Digital currency; Network technology; Government policy
- Abstract
Digital currency, which is a kind of digital token that exists on a distributed and decentralized ledger, is under the spotlight of the public’s discussion. Chinese government desires to promote the establishment of a currency service system that is oriented to the digital economy era, which is beneficial to the public, and universally innovative and open. This essay introduces the reasons that the Chinese government aims to promote a new type of digital RMB, and the disadvantages the digital currency is facing now such as regulatory problems compared with existing third-party payment methods and the impact of the promotion of digital currency on third-party payment. To solve these problems, this study focuses on the integration of third-party payment and digital currency, the traffic of third-party payment and digital currency users, and the security of the blockchains. This study aims to solve the practical problems which the digital currency might face and help to promote the development of digital RMB.
- Copyright
- © 2022 The Authors. Published by Atlantis Press International B.V.
- Open Access
- This is an open access article distributed under the CC BY-NC 4.0 license.
Cite this article
TY - CONF AU - Xujia Huang AU - Ziyu Yang AU - Chenkai Zhou PY - 2022 DA - 2022/07/01 TI - The Development and Impact of Central Bank Digital Currency BT - Proceedings of the 2022 2nd International Conference on Enterprise Management and Economic Development (ICEMED 2022) PB - Atlantis Press SP - 342 EP - 347 SN - 2352-5428 UR - https://doi.org/10.2991/aebmr.k.220603.056 DO - 10.2991/aebmr.k.220603.056 ID - Huang2022 ER -