Traditional Culture Encyclopedia - Traditional customs - Digital currency's advantages over traditional currencies.
Digital currency's advantages over traditional currencies.
Reduce the operating costs of the banking industry.
Compared with traditional currency, it has the characteristics of low cost and high efficiency, which is manifested in two aspects: first, materials are no longer needed in circulation, coins and banknotes are completely out of circulation, and the costs of manpower, machinery and venues are almost reduced to zero. Second, the transaction link, because digital currency adopts electronic bookkeeping, there is no need to artificially establish personal accounts, and its account books are independent and unique, and there is no need for currency settlement, which almost eliminates the cumbersome links in physical currency transactions.
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