What is the difference between digital currency and our current paper money?

For digital currency, the central bank has begun to test within, the first choice in the Agricultural Bank of China to carry out related work, but also selected the east, west, south, north and south of the four directions, four cities to carry out the pilot, these four cities are Shenzhen, Xiongan, Chengdu, Suzhou. It is said that from May, some units of some companies is in the form of digital currency issued.

In essence, digital currency is the electronicization of the yuan, so what is the difference between digital currency and our current paper money?

I think it is mainly the following aspects:

One is from the form, digital currency is the use of electronic wallet form, the RMB is paper currency, in the use of the time, one is a direct exchange of currencies and items, one is the use of digital currency wallet for transactions and transfers, is definitely the digital currency is more convenient, and the paper one will be a lot of problems, such as during the current epidemic. People should still try to minimize the risks associated with paper currency transactions.

The second is from the security, many people think that the digital currency is not easy to theft and other phenomena, in fact, not, the future of the electronic regulation will be more stringent, technology will be more developed, in anti-money laundering and other aspects of the digital currency can be done to grasp the full range of paper currency is easy to fake, but also to the bank to access, especially late at night, to go to the cash machine to get the money, but also has a certain degree of risk.

Thirdly, from the cost, we all know that paper money needs to be printed, transported, stored and other links, while the digital currency is more economical, lower cost, can save a lot of intermediate costs.

Fourth is the convenience, digital currency as long as your cell phone to install the wallet on the line, in the use of the time, even if there is no network, the two also installed the digital currency wallet of the cell phone to touch to complete the transaction, while the paper money but also to carry, change, etc., in comparison, digital currency to be much more convenient.