OurBit adopts advanced technologies such as GSLB, distributed server cluster, distributed storage, multi-machine standby high-speed memory transaction engine, cold wallet and hot wallet with private key offline. To provide customers with safe, stable and reliable digital information trading services through Web, H5, mobile and other terminals.
1. According to local media reports, employees of government agencies and state-owned enterprises in Xiangcheng District of Suzhou will install digital currency wallets connected to one of the four major state-owned banks before the end of April. Starting from May, half of their transportation subsidies will be provided in the form of digital currency/electronic payment. In addition to commercial banks, other participants including telecom companies and third-party payment companies may also become intermediaries. This means that China's digital currency/electronic payment model will adopt a dual operating system, with the central bank as the currency issuer and commercial banks or payment companies as the intermediary to issue digital currency to users. Simply put, China's digital currency/electronic payment is regarded as the electronization of physical cash, that is, the substitute of currency in circulation (M0). Digital currency/electronic payment is legal tender, fully guaranteed by the People's Bank of China, and converted into RMB according to the ratio of 1: 1, which makes it different from existing cryptocurrencies such as Bitcoin. The main problem of cryptocurrency is the lack of recognition and supervision of sovereign countries, which leads to large fluctuations in value. In addition, digital currency/electronic payment cannot be used for speculation. Digital currency/Electronic Payment is interest-free, fully supported by the People's Bank of China, and is essentially the debt of the central bank. However, digital currency/electronic payment transactions can be traced back to reduce the risks of paper money transactions, such as money laundering and illegal financing.
2. We need to know that digital currency/electronic payment is not a new cryptocurrency. From the design point of view, digital currency/Electronic Payment is different from Facebook's Libra or other cryptocurrencies, such as legal status, value stability, transaction reversibility and regulatory transparency. Compared with traditional electronic payment, digital currency/electronic payment is a more advanced payment option in terms of anonymity. The transaction data of digital currency/Electronic Payment is centrally managed and controlled by the People's Bank of China. Without the user's permission, other parties cannot track the users of digital currency/Electronic Payment or their historical records. To some extent, digital currency/electronic payment can protect users' privacy better than other electronic payments. In addition, digital currency/Electronic Payment is expected to make payment/transfer without relying on the Internet, that is, offline peer-to-peer payment. In contrast, the existing third-party payment applications (WeChat Pay and Alipay) all run on their own network platforms and are incompatible with each other.