Recently, the four major banks of industry, agriculture, China, and China Construction have simultaneously internally tested the digital currency APP released by the People's Bank of China (referred to as the People's Bank of China), mainly testing the landing scenarios and APP functions. At present, some of the internal employees of major banks have begun to use APP for transfers and payment. Taking into account the system load and other reasons, it is still in the internal testing stage.
The big bankers said that to register for the app, you need to open a digital wallet in the four major banks. The digital wallets are linked to the accounts of each bank. Users can recharge funds into the wallet. Recharge methods can choose online banking recharge, tied card recharge, etc. From the perspective of the “digital currency” landing scenario, it can realize recharge, withdrawal, transfer, scan code consumption, etc. The transfer can be performed only with the other party’s mobile phone number, and the non-network transfer function is being tested. Its payment logic is similar to that of WeChat and Alipay. Three-party payment is similar, users can scan the QR code to pay each other.
The central bank’s digital currency, DCEP, has been developed since 2014. The main purpose is to replace M0 (and the function of paper money). It draws on the UTXO model of Bitcoin, and uses dual offline technology for payment, that is, when both users of the transfer are not connected to the Internet You can also complete transfer, payment and other functions by touching and scanning.
The four major banks took the lead in testing the behavior of the People's Bank of China's digital currency APP, which shows that the People's Bank of China is optimistic about cryptocurrencies. After all, the cost of issuing, printing, and storing paper currency is too high, and it is not easy to carry, easy to be forged and anonymous. Uncontrollable, there is a risk of being used for money laundering and other illegal and criminal activities. However, the security of traditional currency digitization is not high enough, circulation cannot be traced, and it is still difficult to prevent money laundering. Therefore, the introduction of DCEP using blockchain technology is in Must do.
Lucian, the chief analyst of BitOffer Exchange, believes that the four major banks are testing the digital currency of the People’s Bank of China to increase the price of Bitcoin, and this year is the first year of Bitcoin’s halving. 12.5 is reduced to 6.25 BTC, which will accelerate the scarcity of Bitcoin, and the scarcity of things becomes more expensive. When the difficulty of mining increases and the market demand for Bitcoin exceeds the supply, the value of Bitcoin will also increase.
As the four major banks take the lead in testing the digital currency of the People’s Bank of China, people’s awareness of cryptocurrencies will continue to increase. Bitcoin, as the number one cryptocurrency, will naturally receive more attention, and the increase in consensus will boost Bitcoin The price of bitcoin has risen sharply, ushering in the bull market of bitcoin ahead of time, which may drive the price of bitcoin to rise by 10 times. Calculated according to the current price of Bitcoin, it will exceed $100,000. Therefore, now is the best time to buy Bitcoin.
However, buying Bitcoin spot is not as good as buying the Bitcoin ETF fund launched by BitOffer, which starts with a minimum of 3 times the return, and also adds an intelligent dynamic position adjustment mechanism and fund compound interest calculation, and the return can reach up to 17 times.
For example, you now spend 10,000 US dollars to buy a bitcoin spot, if the bitcoin rises 10 times next, the price exceeds 100,000 US dollars. Excluding your spot principal, you made 90,000 US dollars. But if you buy Bitcoin ETF funds, Bitcoin has risen 10 times, and Bitcoin ETF funds have risen up to 170 times. Ten thousand US dollars instantly become 1.7 million US dollars, and the income is much higher than the spot. In contrast, buying a Bitcoin ETF foundation is more cost-effective!