Former Vice President of the People's Bank of China: The payment cost of adopting digital currency is expected to drop to one tenth of the original

The consultant of China Blockchain Application Research Center and former deputy governor of the People's Bank of China, Suning said that the People's Bank of China has been concerned about digital currency for a long time. The advantage of adopting digital currency is to go to intermediary, and the payment cost is expected to drop to one tenth of the original. The blockchain may also make cross-border payments more efficient, thereby improving social welfare.