Wan Xiangfeng Hui Li Guoquan: The real-scale application of central bank general-purpose electronic money (G-CBDC) should start with inclusive finance and cross-border payment.

Babbitt reported that Li Guoquan, a professor at Xinyue Social Science University, said at the 5th global blockchain summit held today that the real-purpose application of central bank general-purpose electronic money (G-CBDC) should be from inclusive finance and cross-border Payments, payment security, domestic payments, and monetary policy implementation are also important drivers for their application. Inclusive finance has ten driving factors: high-speed stable distributed mesh network access, interoperable executable value delivery portal, user privacy protection, network architecture security, open source and trusted distributed management, digital and UX basic knowledge, digital Identity, compliance, integrated data/prophet ecosystem, and talent knowledge and skills.