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wood jewelry wholesale In 2013, Sweden simply canceled its maximum banknote. By 2014, only 1/5 retail transactions in the country still used cash. The bus system usually only accepts credit cards, and more and more bars and restaurants have also begun to refuse to get cash withdrawal. Half of banks do not allow cash deposits and withdrawal. In addition to Sweden, Denmark and Norway have also gradually canceled cash. India, which is extremely rampant underground economy, is considering restricting cash transactions and cash holdings. Canceling cash has become a global general trend. What does the world without cash look like?
It may be replaced by digital currencies in the future.
The implementation of currency digitalization, and the following benefits: First, no need to print banknotes, it can save a lot of manpower and material resources, especially reducing forest consumption and realizing green finance. Second, it can accelerate the internationalization of RMB. Now, the Alibaba platform has covered many countries and regions around the world, and the settlement methods such as Alipay and WeChat have also been widely used in many countries. China's timely launch of legal digital currencies can connect international liquidation with daily payment, and attract more countries to use "digital RMB". Third, it can promote the progress of social civilization. When the banknote exits from the human perspective, "money worships things" will die quickly. Especially when all currency flows are under network monitoring, the abnormal currency flow will attract the attention of supervision and disciplinary departments. This will be strongly constrained by violations of laws and disciplines such as bribery, bribery, and fraud. Politics will be more clear because of this, and society will be more fair. Fourth, it is conducive to the "virtual currency" rights that citizens have. For example, QQ coins, game coins, and various forums and websites, "virtual gold coins", and valuable points have a certain amount of gold content, and they can also be exchanged for equivalent items from the issuer. The implementation of digital currencies is conducive to the transaction channel between virtual currency and legal currency, and it is convenient for holders to convert virtual currencies into legal currencies at any time. The central bank will be responsible for supervising or debt recovery of virtual currency issuers to ensure the legitimate rights and interests of virtual currency holders.