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Is the cashless era coming?

chinadaily.com.cn | Updated: 2020-08-29 09:00

Anonymous

As the coronavirus outbreak is ongoing, electronic payments are becoming more popular around the country. People are willing to conduct their financial transactions on some electronic payment platforms instead of with paper cash. Meanwhile, cashless usage gives rise to some safety issues, for example, how to protect user privacy and information security, how to ensure our transaction is efficient and transparent when we use of blockchain technology. It is high time for our government authorities to propose some corresponding measures to avoid threats from the contactless and cashless payments.

A foreigner pays his medical fees by scanning the QR code on a machine at the Second Affiliated Hospital of Zhejiang University School of Medicine in Hangzhou, East China's Zhejiang province, on April 14, 2017. [Photo/VCG]
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