Will Alipay and WeChat Pay be affected when the central bank issues digital currency in 2019?

The DCEP (digital currency) issued by the central bank can replace banknotes, but WeChat and the era will not end.

It can only be said that the introduction of DCEP is just a payment method, but this payment method must be: payment ratioWeChat payment和AlipayMore convenient, but they cannot completely replace mobile payments.

What does DCEP mean?

• DCEP is a digital currency, which means converting your paper money into a number, and that number is done with digital currency in a digital wallet.
• Similar to the need to buy and sell between banknotes, the one-handed delivery method of one-handed delivery is adopted, and the introduction of DCEP can completely replace banknotes, one hand is called one-handed delivery.
• In fact, the nature of DCEP is similar to that of banknotes.

Will the central bank introduce DCEP or replace traditional paper money, and will the era of WeChat and Alipay end?

What are the advantages of DCEP?

DCEP does have many advantages over current mobile payments.

After all, this is the payment method introduced by the central bank. Although it has advantages, the advantages of DCEP are mainly reflected in the following aspects:

(1) High security initiated by the central bank and directly supported by the central bank;Unlike Alipay and WeChat Pay, behind commercial banks, commercial banks are likely to fail.relatively low security;

(2) The effect is good and comprehensive;This is a data currency introduced by the central bank, similar to the value of paper money.No merchant or individual can refuse to accept the transaction, which is similar in nature to paper currency transactions;

(3) Payment is convenient, as long as your mobile phone has electricity, a digital wallet is installed:As long as both phones can transfer money, there is no need to connect or bind a bank card; therefore, it is possible to pay for remote mountainous areas or places without internet.

DCEP payments are a way to upgrade in the future

The central bank launched DCEP just to give everyone more payment methods, and will not completely replace WeChat and Alipay mobile payments.

DCEP payment is just one way to upgrade in the future, and it also means the advancement of technology.

Similar to the previous transaction, this transaction is entirely a banknote cash transaction, which can then be spent via POS value transfer.Through mobile payments, WeChat and Alipay, DCEP payments are now activated.

After the introduction of these payment methods, they can also be used for cash transactions, POS card swipe transactions, WeChat or Alipay scan code transactions, etc., and since the central bank introduced DCEP, this is just an upgrade of mobile payment, not just a complete replacement.

• According to the usual reasoning, POS cards did not completely end cash transactions, and then Alipay and WeChat payment appeared, and POS card swiping did not completely end.
• Similarly, the central bank's DCEP payment will not end the mobile payment of WeChat and 00-1;
• It can only be said that radish greens have their own hobbies, you like to pay in any way, but everyone must choose a more convenient way to transact.