A digital currency is an electronic form of money that uses cryptography to ensure the security and anonymity of transactions. Here is a detailed explanation of CBDC, DC EP, and E-CNY:
1.CBDC (** Bank Digital Currency).
CBDC stands for Bank Digital Currency, which is a digital currency issued and controlled by a bank or state.
It is a digital form of a country's legal tender that has the same status and value as traditional paper money.
CBDCs can be used by homes and businesses to make payments and store value, with the convenience of electronic form.
2.DC EP (Digital Currency & Electronic Payments).
DC EP is the Chinese version of the central bank digital currency, where DC stands for digital currency and EP stands for electronic payment.
It is issued by the People's Bank of China and is operated and exchanged by the public with the participation of designated operating institutions.
DC EP is based on a generalized account system and supports the coupling function of bank accounts, which has equivalent value characteristics and unlimited legal compensation with banknotes and coins.
It is a controllable and anonymous payment tool that can be used within the bank payment system.
3.e-CNY (Digital Yuan).
e-CNY is the logo of digital RMB, where E stands for electronic and CNY stands for Chinese People's Currency.
e-CNY is a digital currency project launched by the People's Bank of China to promote the development of digitalization and fintech.
It is a digital currency based on blockchain technology, which is efficient, convenient and secure.
E-CNY can be used in a variety of electronic payment scenarios, such as mobile payment, **shopping, and cross-border payment.
Summary: CBDC is a collective term for digital currencies issued by central banks;DC EP is China's version of central bank digital currency, based on digital currency within the bank payment system;E-CNY is the logo of the digital yuan, which represents the digital currency project launched by the People's Bank of China. These digital currency projects all have the convenience, security, and anonymity of electronic forms and can be used in a variety of electronic payment scenarios. List of high-quality authors