F2F Class Notes (Li)

Could digital currencies put banks out of business?

https://www.youtube.com/watch?v=fpb-qJv6dBs

Vocabulary

thief/burglar 

high risk – risky

Grammar

safe – adj 

ex. Digital currency may be more safe than third party payment services.

safety – noun 

ex. We’re concerned of their safety.

In EU, it’s different because I think they have some concern of security and the risk.

In the EU, it’s different because I think they have some security and risk concerns.

It totally replace the traditional cash. When some colleagues they came in SH, they are very interested about the digital wallet. They thought, “It’s amazing! We can just scan the code to pay.”

It totally/completely replaced traditional cash/paper money. When some overseas colleagues came to SH, they were very interested in the digital payment services. They thought, “It’s amazing! We can just scan the code to pay.”

Before we use digital wallets, we used to buy wallets.

Before digital wallets/Before digital wallets became commonplace, we used to buy wallets.

It’s more safety and it’s published by the central bank

It’s more safe and it’s published by the central bank