The Progress of Digital Currency Electronic Payment
Authors
Xinyu Liu1, *,a, †, Fan Lu2, *, b, †, Wanlu Shan3, *, c, †, Jiayuan Zhang4, *, d, †
1College of Business & Public Management, Accounting, Wenzhou-Kean University, Wenzhou, China
2School of Public Finance and Taxation, Shandong University of Finance and Economics, Shaoxing, China
3Adam Smith School of business, University of Glasgow, Zhengzhou, China
4School of Management Science and Engineering, Shandong University of Finance and Economics, Heze, China
†
These authors contributed equally.
*Corresponding author. Email: a1098646@wku.edu.cn
Corresponding Authors
Xinyu Liu, Fan Lu, Wanlu Shan, Jiayuan Zhang
Available Online 15 December 2021.
- DOI
- 10.2991/assehr.k.211209.242How to use a DOI?
- Keywords
- Digital Currency; Electronic Payment; Blockchain
- Abstract
Developed and issued by the People’s Bank of China, the Digital Currency Electronic Payment has the same legal status as the physical RMB. This essay will describe the basic information, development, and advantages of the DCEP and the challenges and risks that may be encountered in the development, distribution, and use of the DCEP. According to the existing social information, the blueprint and future development of the DCEP is forecasted. Overall, DCEP will help improve the convenience of daily payment for Chinese residents, reduce the cost of the central bank’s management of RMB, accelerate the development of the digital economy, and promote social and technological progress.
- Copyright
- © 2021 The Authors. Published by Atlantis Press International B.V.
- Open Access
- This is an open access article under the CC BY-NC license.
Cite this article
TY - CONF AU - Xinyu Liu AU - Fan Lu AU - Wanlu Shan AU - Jiayuan Zhang PY - 2021 DA - 2021/12/15 TI - The Progress of Digital Currency Electronic Payment BT - Proceedings of the 2021 3rd International Conference on Economic Management and Cultural Industry (ICEMCI 2021) PB - Atlantis Press SP - 1489 EP - 1495 SN - 2352-5428 UR - https://doi.org/10.2991/assehr.k.211209.242 DO - 10.2991/assehr.k.211209.242 ID - Liu2021 ER -