Digital Currency Is Coming, Will POS Terminal Be Replaced?
According to a survey report released by the Bank for International Settlements, more and more national and regional central banks (the European Central Bank, Singapore, Tonga, etc) are trying to layout their central bank digital currencies, accelerating the research and development of digital currencies to conform to the trend of global financial technology development. What is digital currency? According to the Wikipedia definition, digital currency can also be called digital money, electronic money, electronic currency, or cybercash. It refers to any currency or money that is majorly managed, stored, or exchanged on digital computer systems, especially over the internet. Namely, digital currency is a form of currency that is available only in digital or electronic form, and not in physical form. Today, cryptocurrency Bitcoin the most widely-used form of digital currency. It mainly uses technologies such as smartphones, credit cards to make exchan...