The difference between virtual currency and credit currency

1. Currency is an official currency issued by the state. Generally speaking, virtual currency is a kind of currency similar to wechat that we usually use

2. To a certain extent, virtual currency can be exchanged and traded in the form of RMB... Compared with Q currency and other online game currencies... But the premise is that it needs to be paid in RMB... So virtual currency is only a form of online payment of RMB... Today, it is still difficult to use it as RMB
virtual currency is a kind of currency that has value but can't be directly exchanged for real goods Therefore, virtual currency is not a commodity.

3. With the development of the Internet, while providing a large number of free services to the majority of Internet users, according to the company's profit needs and the diversified needs of users, various websites have launched charging services. This also promoted the emergence of virtual currency
in order to provide better services, many portal websites and online game operators have been providing virtual currency for use for a long time. According to incomplete statistics, there are no less than 10 kinds of network virtual currency (referred to as network currency) currently in circulation, such as Q currency, network currency, cool currency, Warcraft currency, Paradise currency, Shanda (game area) coupon, etc. Take Q coin as an example, there are more than 200 million users. Instry insiders estimate that the domestic Internet has a virtual money market scale of several billion yuan per year, and is growing at a rate of 15% - 20%
in a market economy, demand stimulates innovation, which in turn stimulates demand. The increasing popularity of virtual currency is completed in the needs of users and the innovation of enterprises. At present, there are many kinds of virtual currency in China's network market, among which Tencent, relying on its huge QQ users, has timely launched QQ currency with the maturity of instant messaging market
it is undeniable that virtual currency makes us feel the convenience of purchasing network services, which is the inevitable proct of the development of network economy. But at present, the network virtual currency has quietly changed into a huge trading market
Lyndon larush, a famous American economist, once predicted that from 2050, the virtual currency of the Internet will be officially recognized to some extent and become a mobile currency. With such a large market and bright prospects, many companies are eager to try and intend to occupy this market. Now it seems that the network, PayPal (PayPal) and Tencent are in the leading position
at the present stage, most e-money is based on the existing real money (cash or deposit), which has the function of "value measurement" and "value preservation", and the precondition that e-money and real money can exchange at a ratio of 1
: 1 is established
as a means of payment, most e-money can not be separated from cash or deposit. It is transmitted and transferred by electronic means to pay off creditor's rights and debts and realize settlement. Therefore, the function and influence of e-money at present is essentially the relationship between e-money, cash and deposit
at present, there are four types of popular electronic currency in China
1. Stored value card electronic currency. Generally, it appears in the form of magnetic card or IC card. Besides commercial banks, it is also issued by telecommunication departments (ordinary telephone card, IC telephone card), IC enterprises (network card), commercial retail enterprises (various consumption cards), government organs (internal consumption IC card) and schools (Campus IC card). After the issuer receives the customer's funds in advance, it issues the equivalent stored value card, which makes the stored value card a new "deposit account" independent of the bank deposit. At the same time, the stored value card in the customer consumption to dect the way to pay fees, which is equivalent to the deposit account payment currency. At present, the deposits in the stored value cards are not included in the central bank's reserve requirements. Therefore, the stored value cards can rece the demand for cash and current savings
2. Credit card applied electronic currency. It refers to the credit card or quasi credit card issued by commercial banks, credit card companies and other issuers. The loan can be consumed within the credit limit specified by the issuer, and then the repayment can be made at the specified time. The widespread use of credit cards can expand consumer credit and affect money supply
3. They are mainly debit cards, electronic checks, etc., which are used to withdraw cash, transfer settlement and transfer funds from bank deposits in an electronic way. The widespread use of this kind of electronic payment method can rece the cost of consumers to and from the bank, rece the balance of cash demand, and speed up the circulation of money
4. Cash analog electronic currency. There are mainly two kinds: one is e-cash which is based on the Internet environment and keeps the binary data representing the value of money in the hard disk of the computer terminal; One is the electronic wallet that keeps the monetary value in the IC card and can be circulated without the bank payment system. This kind of e-money has the characteristics of anonymity of cash, can be used for payment between indivials, and can change hands many times. It is developed for the purpose of replacing entity cash. The expanding use of this kind of electronic currency can affect the currency issuing mechanism, rece the seigniorage income of the central bank, and rece the scale of assets and liabilities of the central bank

4. In order to become legal tender, digital currency must meet three requirements:

the first is technical security, which is the most basic requirement< The second is universal acceptance. At present, no digital currency of any commercial organization has reached the level of "universal acceptance". bitcoin is not only far from being a kind of currency, or even not considered as a kind of currency to a certain extent, because its liquidity and tradability are not universal, and the currency value is very unstable, so it is impossible to become a currency with general equivalent characteristics without solving the universal acceptance< Thirdly, we should have supply elasticity. At present, it is generally recognized that the reason why digital currency can not become an effective means of circulation lies in its lack of supply elasticity, resulting in currency instability.

5. The rise and fall of digital currency and bitcoin issued by the central bank have little to do with each other. The digital currency issued by the central bank is different from bitcoin. The digital currency issued by the central bank has the property of currency, which can be called currency. Bitcoin is just defined as a special Internet commodity, and people can buy and sell freely at their own risk. The central bank's version of digital money will first be applied to the bill market
although bitcoin has been continuously suppressed by the central bank recently, bitcoin market has been affected to a certain extent, but in the long run, bitcoin is still worth looking forward to, because bitcoin has the characteristics of gold scarcity
Puyin group issued 1 billion Puyin with the original capital of 1 billion Tibetan tea. The information related to the identification, evaluation and right confirmation of Tibetan tea assets will be recorded on the blockchain through encryption technology, which can be viewed by anyone and can not be tampered with.

6.

Not the same, paper money is credit currency, but credit currency is not necessarily paper money, it can also be virtual currency

The differences are as follows:

1. The modern credit currency, which is the complete form of value symbol, comes from the function of currency's circulation means and acts as the medium of commodity exchange on behalf of metal currency; Banknotes originated from the function of payment means of money, and its foundation is credit relationship

2. Modern credit currency is issued and circulated by the national government depending on the national power, which constitutes the long-term debt of the state to the public; Typical bank notes are issued by commercial banks through the discount of commercial bills, which constitutes the liabilities of issuing banks to the public

3. Generally speaking, modern credit currency can not be converted into gold, and can only be used as currency symbol to circulate in the market; A typical bank note issuing bank can guarantee that bank notes can be converted into metal currency at any time

4. Because modern credit currency can't be freely converted into gold, when the quantity of banknotes in circulation is inconsistent with the actual demand in circulation, the nominal value and the actual value of modern credit currency will deviate. Excessive issuance will cause the devaluation of banknotes and the rise of prices; Banknotes can be converted into metal currency at any time without deviation between nominal value and actual value, and generally without devaluation

In the modern economy, credit money includes the following main forms:

1. Promissory note: in the commodity credit transaction, when a capitalist purchases a certain commodity, he does not need to pay cash, but only needs to issue a debt certificate to the other party to pay his debts regularly. When e, the holder can ask the drawer for cash according to the face value. A promissory note that is not yet e is signed by the creditor on the back of the note to indicate that it bears the debt. The holder can also use it as a means of purchase or payment to purchase goods or repay the debt

2. Banknotes: banknotes, which are generated on the basis of commercial paper circulation and guaranteed by bank credit, are also a kind of credit currency. Holders can use it instead of metal money. It has no fixed payment date and can be exchanged for gold at any time; Its face value is a fixed integer, which is easy to circulate; It is guaranteed by gold and bills. Its credit base is relatively stable and it can circulate in a wide range of bank credit. However, e to the abandonment of the gold standard and the cessation of the exchange of bank notes for gold, capitalist countries generally issue dishonoured banknotes as a means of circulation

Check: with the development of capitalist banking business, check plays the role of currency in circulation and becomes the main form of payment of debts instead of money and transfer settlement between depositors. Before the Second World War, bank checks had become the main credit currency. Using cheques as a means of payment can rece the amount of money in circulation and save circulation costs

4. Coinage: coinage is usually made of base metal, which is issued exclusively by the government and minted by a special mint. Its main function is to act as a medium in small or sporadic transactions

Paper money: most of the paper money is issued by the Central Bank of a country, and its main function is to undertake the purchase means of people's daily necessities

Bank deposit: deposit is the creditor's right of the depositor to the bank. To the bank, this kind of currency is also the debt currency. In addition to the transfer payment in the bank account, the deposit should also be paid with the help of cheques. In the economic transactions of the whole society, the proportion of using bank deposits as the means of payment accounts for the vast majority. With the development of credit, this kind of currency is widely used in some small transactions, such as customers' payment to retailers and employees' wages

Electronic money: e to the rapid development of science and technology and the application of electronic computing technology, the transaction and payment of money has entered a new stage. E-money usually uses computers or stored value cards to carry out financial transactions and payment activities, such as various credit cards, stored value cards, electronic wallets, etc

7. Substitute currency is a kind of indirect currency. For example, we often find some vouchers or coupons when shopping. Credit currency is a kind of credit certificate that can be exchanged with any food.

8. Credit currency: a credit circulation tool provided by banks. Its own value is far lower than its monetary value, and different from the substitute currency, it is completely decoupled from precious metals and no longer directly represents any precious metals. It is the proct of the further development of the form of money and the direct result of the collapse of the metal currency system.
metal money is a medium of exchange with gold, silver, copper, grain, silk, shells and so on, representing a kind of circulation goods (original) of equivalent material objects.
for a detailed explanation, please take a look at "currency war"

9. Commodity currency is the currency whose own value is the same as its market value, such as gold and silver! Legal tender is a transaction tool stipulated by the state, such as RMB, which has no value in itself (just a piece of paper).
supplement to the answer
credit currency is stipulated by the state law, and it is compulsory to circulate the currency that does not play the monetary function independently based on any precious metal. At present, the currency issued by all countries in the world is basically credit currency. Credit currency is a credit circulation tool provided by banks. Its own value is far lower than its monetary value, and different from the substitute currency, it is completely decoupled from precious metals and no longer directly represents any precious metals. It is the proct of the further development of monetary form and the direct result of the collapse of metal monetary system. In the 1930s, there was a worldwide economic crisis, which caused economic panic and financial chaos, forced the major capitalist countries to break away from the gold standard and the silver standard, and the paper money issued by the state could not be exchanged for metal money. Therefore, credit money came into being. Nowadays, almost all countries in the world adopt this form of currency.