3 thoughts on “Can e -currency replace traditional currencies”
Erica
1. Electronic currency cannot replace traditional currency. Because the electronic currency can be called a currency, the key is whether the electronic currency can independently perform the niche function. At present, electronic currency can play a role in paying and settlement, but electronic currencies are just quasi -currencies that may execute currency functions. (1) First of all, the electronic currency lacks currency price standards, so it is impossible to measure and express the value and price of the goods separately, nor can it have valuable preservation methods and only rely on the function and value storage function of the value scale of the real currency; (2) Secondly, because the electronic currency is based on a certain electronic device -smart card and computer, its circulation and use must have certain technical facilities conditions and software support. Therefore, the functions of the circulation method cannot be truly implemented; in the end, although the most basic function of the current electronic currency is to perform payment methods, most of the existing various electronic currencies cannot be used for direct payment between individuals. In addition, when paying to special merchants, the merchant must also complete the recycling of the money after receiving the physical currency from the bank or credit card company issued by the issued electronic currency. The electronic currency cannot fully implement the function of payment means. The electronic currency of the current stage is a new currency form or payment method based on existing currency. 2, electronic currency is based on financial electronic networks, with commercial electronic machinery and various trading cards as the medium, and electronic computer technology and communication technology as the means. In the computer system, the currency of circulation and payment functions is realized in the form of electronic information transmission through the computer network system.
1. Electronic currency cannot replace traditional currency. Because the electronic currency can be called a currency, the key is whether the electronic currency can independently perform the niche function. At present, electronic currency can play a role in paying and settlement, but electronic currencies are just quasi -currencies that may execute currency functions.
(1) First of all, the electronic currency lacks currency price standards, so it is impossible to measure and express the value and price of the goods separately, nor can it have valuable preservation methods and only rely on the function and value storage function of the value scale of the real currency;
(2) Secondly, because the electronic currency is based on a certain electronic device -smart card and computer, its circulation and use must have certain technical facilities conditions and software support. Therefore, the functions of the circulation method cannot be truly implemented; in the end, although the most basic function of the current electronic currency is to perform payment methods, most of the existing various electronic currencies cannot be used for direct payment between individuals. In addition, when paying to special merchants, the merchant must also complete the recycling of the money after receiving the physical currency from the bank or credit card company issued by the issued electronic currency. The electronic currency cannot fully implement the function of payment means. The electronic currency of the current stage is a new currency form or payment method based on existing currency.
2, electronic currency is based on financial electronic networks, with commercial electronic machinery and various trading cards as the medium, and electronic computer technology and communication technology as the means. In the computer system, the currency of circulation and payment functions is realized in the form of electronic information transmission through the computer network system.
cannot. If the information technology is paralyzed one day, then humans have to use traditional currency.
Personally, it will never!