Digital currency will affect banks

Fourth, in terms of financial services, it mainly refers to various intermediary businesses such as collection and payment, consulting and so on. For example, the collection of water, electricity and coal is small and the number of users is huge. These companies will still entrust the bank to collect, and they still need to open an account in the bank, so the impact of digital currency issuance on financial services is small. Fifthly, the function of credit creation mainly refers to that the loan is re deposited in the bank, waiting for investment or use, resulting in derivative deposits and currency multiplier effect, which has nothing to do with the issue of digital currency

the issuance of digital currency will not rece the number of bank outlets, because the basic function of the bank is far from the payment intermediary function, as well as macroeconomic regulation, the development of deposit and loan business, as well as financial services, intermediary business, and so on. What's more, many people still insist on using cash to pay and transfer. Therefore, the issue of digital currency can not eliminate the outlets of banks. The real impact on bank outlets is the rise of Internet finance. Banking business moves from offline to online. People generally accept using mobile banking app to deal with business, and then the physical outlets of banks will be canceled

Many central bank governors voice the trend of digital currency, bitcoin will not replace other legal currencies in the end. 1. There is no way to regulate bitcoin, which hinders monetary policy. 2. The global circulation of bitcoin can make many criminal organizations launder money

with the growing popularity of the Internet, bitcoin has attracted more and more attention, and many big men have begun to build bitcoin platforms, which makes many people have high expectations of bitcoin, and bitcoin has also seen a significant rise. Central bank governors of many countries are talking about the trend of digital currency. Bitcoin will not replace other fiat currencies in the end. The main reason is that the decentralization of bitcoin leads to no government being able to manage and control bitcoin, which makes it easy for bitcoin to become a money laundering tool for many criminals, thus affecting the development of the country, This is also the most direct reason why bitcoin can not obtain legal tender