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Currency in the Internet Age

In the previous section, we talked about the new requirements for currency in this era. There is no doubt that the general requirement must be to use the current technical means to achieve the most superior currency attributes, the greatest currency value and the lowest currency cost to meet the requirements of the economy in various fields. Humans have been working towards this goal since the beginning of economic activities. So what innovations have virtual currency/digital currency used to achieve the best currency attributes, the greatest currency value and the lowest currency cost? In fact, virtual currency/digital currency has a huge impact on all aspects of the economy and may produce huge changes. The first and easiest to understand is the non-cash circulation or simply the non-cash circulation. Cashless circulation means that all transactions no longer require counting money, no longer needing to give change, no longer counterfeit money, no longer needing to invest a lot of manpower and material resources to develop high-precision banknote anti-counterfeiting technology, no longer needing to invest in special paper inks and special printing machinery and various currency detectors, no longer needing a bunch of IC cards and card swiping devices, no longer needing to deposit money, no longer needing to withdraw cash, no longer needing to queue up at the bank, no longer needing to read the bank teller's face (of course I know that it is not easy for him/her), no longer needing to queue up for an hour, finally it is your turn, only to find that A big woman with a face full of flesh just walked in and sat down in front of you (VIP). You don't even need bank branches anymore, so you don't need countless surveillance cameras and monitoring equipment anymore, you don't need ATMs anymore, you don't need to escort cash with guns and live ammunition every day, and you don't need a vault with strict security and huge costs. There will be no more headshot guys guarding ATMs. At the same time, because of the inherent security of electronic wallets, even if you steal the wallet, you can't use the coins in the wallet, so the simple form of stealing wallets is no longer possible$BNB