Regarding the current status of digital currency and related payments in the world, I also hope that everyone has some understanding. From the early days and even now, most people in the entire blockchain field have a similar dream, which is to use a decentralized digital currency. Directly replacing centralized legal currency to achieve global payment (directly using digital currency to buy and sell goods), but this is just a beautiful dream. The reality is difficult to realize, not to mention that the TPS efficiency of all current public chains cannot meet this level of payment. The demand is also difficult to implement at the regulatory level.
Individual transactions of this kind (for example, the sky-high price of Bitcoin pizza is talked about) are harmless, but if this kind of behavior is carried out on a large scale and challenges the authority of legal currency, the governments of most countries will resolutely crack down on it. In recent years, especially around the world, During the epidemic, all industries have suffered a huge impact, but digital currency has suddenly emerged, which has attracted the attention of governments around the world. Various policy and regulation restrictions, and various regulatory penalties have followed, so we want to achieve this goal. , must compromise with supervision, must also be combined with traditional payment channels, and comply with laws and regulations related to financial payments, in order to better achieve this goal.
At present, in terms of technology, especially TPS, we already have a perfect solution, which has the basis for processing large-scale global transaction data. At the compliance level, the Swiss regulatory authorities are relatively tolerant of digital currencies (which they define as asset tokens). and complete, and have issued policies and regulations related to digital banking, which are currently under review and approval. Once the license is approved, we can carry out relevant payment services globally in a legal and compliant manner.
Business logic of digital banking:
1. Digital banks can open accounts for global users.
2. Users can open their own different digital currency (asset token) accounts (such as GEC account, BTC account, etc.) in the digital bank.
3. At the same time, users can open their own different legal currency accounts (such as USD account, CNY account, etc.) in the digital bank.
4. And obtain a Unionpay or Visa or Master bank card issued by a digital bank (bind to a legal currency account).
5. Users can set up real-time settlement of their digital currency accounts and legal currency accounts. #NFP #BTC #sol #ORDI
