Research on the Application of Digital RMB to Address the Monopoly and Privacy Issues of Third-Party Payments
Author(s)
Aoao Xu , Xinyu Liu , Nan Guo ,
Download Full PDF Pages: 01-05 | Views: 206 | Downloads: 74 | DOI: 10.5281/zenodo.8013569
Abstract
Currently, the People's Bank of China (PBOC) attaches great importance to the research and development of legal digital currency and has included digital RMB in the 14th Five-Year Plan (2021-2025) for National Economic and Social Development. The promotion of digital RMB may largely suppress the privacy and security risks and monopoly phenomenon brought by third-party payments. The purpose of this research is to provide a reference for improving the development of digital RMB in China and lowering risks.
Keywords
Digital RMB, Monopoly, Privacy Issues, Third-Party Payments
References
i. Feng, S. and Yang, J. (2021) “Action Mechanism of e-CNY to Prevent the Risk of Data Monopoly on Internet Platform,” Journal of Reform, 334(12), pp. 69–80.
ii. Friedman, D. (1998) “On economic applications of evolutionary game theory,” Journal of Evolutionary Economics, 8(1), pp. 15–43.
iii. Garratt, R.J. and van Oordt, M.R. (2021) “Privacy as a public good: A case for electronic cash,” Journal of Political Economy, 129(7), pp. 2157–2180.
iv. Huang, Z., Huang, S. and Tang, Y. (2022) “Is the Relationship of Competition and Substitution Between Central Bank Digital Currency and Third-Party Payment? — Based on the perspective of Two-Sided Market Theory,” Journal of Systems Science and Mathematical, 43(3), pp. 717–737.
v. Liu, X. and Si, H. (2022) “User Privacy Protection and Platform Quality Competition,” Journal of Research of Finance and Education, 35(2), pp. 14– 22.
vi. Pan, J. and Chu, H. (2021) “Does Internet Third-Party Platform Become Monopoly: Based on the Measurement of Market Power,” Journal of Guangdong University of Finance & Economics, 36(4), pp. 29–37.
vii. Xiong, H. (2019) “Platform Monopoly in the Development of Digital Economy in China and Its Governance Strategies,” Journal of Reform, 305(7), pp. 52–61.
viii. Yao, Q. (2019) “Theoretical Analysis and Empirical Study on the Economic Effect of Central Bank Digital Currency,” Journal of Studies of International Finance, 381(1), pp. 16–27.
Cite this Article: