Digital currency: fast, economical and safe payment and settlement; Bill finance and supply chain finance; Digitization of mortgaged property rights.

Electronic money: the seller sends the buyer's payment instruction to the seller's acquiring bank through the payment gateway; The acquiring bank obtains the authorization license from the issuing bank through the bank card network and sends the authorization information back to the seller through the payment gateway; After obtaining the authorization, the seller sends the purchase completion information to the buyer. If the payment acquisition and payment authorization cannot be completed at the same time, the seller will also send a payment acquisition request to the acquirer through the payment gateway to transfer the transaction funds from the buyer to the seller's account. The final inter-bank settlement is completed between banks through the payment system.

2. Different characteristics

Digital currency is characterized by low transaction cost, high transaction speed and high anonymity.

Electronic money has the characteristics of anonymity, saving transaction cost, saving transmission cost, low holding risk, flexible and convenient payment, anti-counterfeiting, anti-duplication and untraceability.

3. Different types

Digital currency is divided into three categories: completely closed, has nothing to do with the real economy, and can only be used in specific virtual communities, such as World of Warcraft Gold; It can be purchased with real money but cannot be converted back into real money, and can be used to purchase virtual goods and services, such as Facebook credit; It can be exchanged and redeemed with real money according to a certain proportion, and can buy both virtual goods and services and real goods and services, such as Bitcoin.

Electronic money: electronic cash used in the Internet environment, and binary data representing the value of money is stored in the hard disk of the microcomputer terminal; An electronic wallet stores the monetary value in an ic card and can be circulated without a bank payment system.

Baidu Encyclopedia-digital currency

Baidu encyclopedia-electronic money