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Running Head: DC/EP CHINA1DC/EP ChinaStudents NameInstitutional AffiliationCourseDC/EP CHINA2IntroductionDigital currency is an aspect that has been focused on by many economists over time.However, China may not be going to change the path of this sector by an expected rollout of itsDC/EP system. The DC/EP digital currency plan by China is only at a piloting stage, but thatshould be a positive indicator that digital currency is going to be a reality in China.The expected piloting by China is going to go beyond a trillion level capacities in terms ofthe transaction. Therefore it is expected to produce adequate information on what to be expectedif the digital currency is fully adopted. The question that one may ask himself is how will thisdigital currency be distributed and how are the citizens going to respond to its introduction. Inaddition to that, the benefit to state-own banks and the role of Alipay Architecture will be aninteresting aspect to look into.DC/EP is used to represent Digital Currency Electronic Payment, which is China's nationaldigital currency, which has been structured with the technology of Blockchain and cryptography.The goal of the establishment of this currency is to expand the circulation of the Chinesecurrency and hopefully get to a global circulation level. Still, all that depends on the outcome ofits rollout (Michael 2020). The new Chinese digital currency is, by no doubt, going to competewith existing digital currenc ...


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