0 1. Cash will go into the bank vault. The first and largest home of cash is the vault of the bank. Although everyone uses electronic payment now, the central bank still issues money every year, and all of them are calculated in cash. Most people may deposit cash when they save money, but when they use money, they almost always pay electronically. Therefore, the money deposited in the branch is transported back to the vault by armored vehicles, and the bank will take out part of the money and hand it over to the central bank for safekeeping.

The money in the vault will be transferred according to the actual needs of each branch.

02. Cash will be stored for free. Although electronic payment is very convenient and the safety factor is getting higher and higher in recent years, some people are used to saving some cash. For example, some enterprises, or bosses of traditional businesses, are used to buying a safe, saving some cash for daily reimbursement and making small payments.

In fact, there are many such forms, but they are not presented to us.

03. Cash will also flow into the market. Although there is no cash payment, it has been accepted by the public, but it does not mean that there is no cash in the market from now on. For example, on holidays, many elders give red envelopes to their younger generations, get married or hold happy events, and many people still use cash.

04. Cash is often used in remote areas. Electronic payment is popular in cities, including some towns and villages in coastal areas. In some towns and villages in the central and western regions, except for some young people who can use electronic payment, most middle-aged and elderly people still rely mainly on cash. First of all, they can't use smart phones, and they don't have Alipay or WeChat. Many people just want to believe in the banknotes and electronic banknotes that can be seen in their hands, and always feel insecure.

China is aging seriously, so this part of people who use cash accounts for a large proportion of the national population. You don't have to worry about the problem that someone will refuse cash. It is illegal for merchants to refuse cash.

How will the use of electronic payment affect people's lives? 0 1. Reduce the cost of currency circulation.

Before the popularity of mobile payment, most people in the market mainly used paper money for transactions, which was easy to cause damage and damage in the circulation process. Although the damaged cash can't circulate, people can still take it to the bank and exchange it for new currency. However, after the commercial bank recovers the money, if it can no longer circulate, it will be directly handed over to the central bank for invalidation.

In addition, there are many risks in the storage and transportation of cash, so the cost will increase a lot.

02. Reduce the circulation of counterfeit money

Before the popularization of cashless payment, I believe many people will be worried about receiving counterfeit money when paying with large denomination banknotes. After the popularization of cashless, when paying in large amounts, people generally use cashless payment, and only some small denomination currencies will appear in cash. However, if criminals want to make counterfeit money with small face value again, the cost of counterfeiting may exceed the face value.

Therefore, after the popularization of cashless payment, there are fewer and fewer problems about counterfeit money.

03. Anti-money laundering crime

In the process of cashless payment, every fund has a clear transaction record, which brings great trouble to money launderers invisibly. After all, as long as traces are left in the process of criminal activities, people can easily find them. The popularity of cashless payment has increased the exposure of money laundering and reduced the crime rate of money laundering.

04. Easy to use

For individuals, electronic payment is much more convenient than cash payment When eating, you can scan the code to order food, and you don't have to bring a lot of money when you go out, which reduces the risk of losing money. When you buy something, you only need to scan the code to pay, and you don't need to wait for the change of the merchant to delay the time.

Finally, it is concluded that electronic payment in China has been in the forefront of the world. Even many foreigners feel strange when they come to China. They think it's amazing that we can do everything with only one mobile phone when we go out. I believe that in the future, cashless payment will still be the mainstream of society, and even many places have begun to brush their faces and mobile phone numbers to get a lot of cash payment.

So in the later life, we still have to get used to this payment method.