Talking about the difference between digital money and Alipay We

1. digital currency generally refers to bitcoin, Puyin, Leyte, dogcoin and other encrypted digital currencies
the three party payment tools such as digital currency and Alipay and WeChat payment are different. The payment of Alipay and WeChat is a well-known third party payment tool in China. Digital money is also possible in theory, but the market share of digital money in the field of payment is still very low.

2.

Digital currency is abbreviated as digiccy, which is the abbreviation of "digital currency" in English. It is an alternative currency in the form of electronic currency. Both digital gold coin and cryptocurrency belong to digiccy

digital currency is an unregulated and digital currency, which is usually issued and managed by developers and accepted and used by members of a specific virtual community. The European Banking authority defines the virtual currency as the digital representation of value, not issued by the central bank or the authorities, nor linked to legal tender. But because it is accepted by the public, it can be used as a means of payment, and can also be transferred, stored or traded in electronic form.

Alipay (China) Network Technology Co., Ltd. is the third party payment platform in China. Committed to providing "simple, safe and fast" payment solutions. Since its establishment in 2004, Alipay has always regarded "trust" as the core of procts and services. It has two independent brands: "Alipay" and "Alipay wallet". Since the second quarter of 2014, it has become the largest mobile payment manufacturer in the world

3. The internal test of digital currency is carried out in Agricultural Bank of China. At the same time, pilot projects are also carried out in Shenzhen, xiong'an, Cheng, Suzhou and other cities. The process behind the digital money is different from that of WeChat Alipay. It does not need assistance from the third party payment institutions. At the moment of transfer, the physical relationship of money has shifted, so there is no credit risk problem.

4. The era of

digital money is getting closer and closer. Many people will wonder whether digital money will completely replace cash or completely replace WeChat and Alipay mobile payment? What are the differences between digital money and WeChat or Alipay payment? The following is an analysis

digital money and WeChat Alipay payment. Although they all belong to mobile payment, the two payment methods are very similar. P>

WeChat or Alipay payment

WeChat Alipay payment has become the most commonly used payment. We just take out the mobile phone and open the WeChat or Alipay scan payment code, so that we can do business and shop without cash at all. P>

, but WeChat or Alipay payment is based on the premise that the mobile phone must have signals, but also have the premise of the network. Similar to the current p>

, although there are many ways to pay, similar to some elderly people, or cheap mountain areas, WeChat and Alipay temporarily use difficulties, or need to use cash to achieve a transaction. p>

but after the digital currency comes out, these difficulties can be solved. The elderly and remote mountainous areas can also use digital currency, so they can say goodbye to cash

comprehensive analysis shows that digital money is an upgraded version of WeChat and Alipay mobile payment. Since it is an upgraded version, and it is issued by the central bank, it naturally has its own advantages. WeChat and Alipay do not have these advantages. As long as there are differences between the advantages and disadvantages, there is definitely a difference between the two. The above three points are the biggest difference between them. p>

5. The biggest difference between the digital money introced by the state and Alipay and WeChat is that after downloading the mobile phone software, the mobile phone can complete the transaction if the cell phone has electricity.

6. The two are different. Alipay WeChat is the third party payment institution that transfers funds through banks. The RMB is not stored in the mobile phone, nor can it realize offline payment in the true sense. Digital RMB is to digitize the real RMB, store it in the mobile phone, and pay offline like cash; In the final analysis, digital money is money, Alipay and WeChat are a way of payment. Alipay WeChat will not be replaced, but the function of electronic payment will be weakened.
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7.

digital RMB is money, Alipay and WeChat are wallets, which is the most essential difference between and . Strong> in addition, the difference between digital RMB and Alipay and WeChat payment is that the platform transfer method is different and the process is different. Strong>

1. Platform transfer is different. The mobile payment platform such as Alipay and WeChat, which we are using now, is just a platform proct for payment. It can not proce money in itself, and its own procts can only be used in its own system,

. transfer and other operations cannot be performed between different payment platforms . The biggest reason is that the amount shown by each payment platform is only for its own platform, and it cannot be circulated on other platforms

but Digital RMB is different. it adopts advanced digital encryption technology, which is recognized among various platforms , that is to say, if you have digital RMB, you can transfer, trade and settle accounts among multiple payment platforms, which greatly facilitates the use in daily life. In addition, it has a special mark, which is also a good blessing in digital security. There are state endorsements behind it, not to mention the problems of bankruptcy and inability to exchange cash

Second, different processes

at this stage, all payment platforms have to transfer the clearing function to the central bank to complete , which means that a large amount of data storage, transfer and calculation are needed between the payment platform and the major banks and the central bank, which is a large part of the cost investment< while digital RMB eliminates a lot of intermediate links and processes , greatly recing the data flow process and joint points between the payment platform and the bank. From this point of view, this is the great progress of the financial instry

extended data

the key concept of digital RMB is as follows:

Digital RMB is legal tender in digital form issued by the people's Bank of China, which is operated by designated operating institutions and exchanged to the public. It is based on the generalized account system, supports the loose coupling function of bank accounts, and is equivalent to banknotes and coins, It has the characteristics of value and legal compensation, and supports controllable anonymity

There are two key points in the concept of digital RMB. One is that digital RMB is legal tender in digital form; Another point is that it is equivalent to banknotes and coins. Digital RMB is mainly positioned at M0, that is, banknotes and coins in circulation

8.

digital currency compares with Alipay: digital currency is equivalent to RMB with legal compensation. Digital currency is more perfect and convenient01 and the central bank say there is no competition between digital money and Alipay. p> On October 12, digital currency was tried in a district of Shenzhen. It is precisely because of this that digital currency officially came into people's sight. Digital currency has appeared before, but it is not digital RMB, but in other ways

many people speculate whether the arrival of digital money will have an impact on WeChat and Alipay payment. Mu Changchun, director of the digital Monetary Research Institute of the Chinese people's Bank of China, on 25 June, said that there was no competition between digital money and Alipay 10.

but if the transaction amount is relatively large, it needs identity verification , and it is more secure, for every money, the central bank can find out where it is going, know who the other party is , and put an end to some unidentified transactions and some scams