Crazy Entertainment System

Chapter 5 Opening on May 1st

Upon hearing this, not only Gao Feiyan, but also Zhuge Yun, Gu Jing, and others became curious and looked at Chen Yu.

"You might think, 'Social payment, what's so special about it? When you need to pay, just use Alipay, right?' But the social payment I'm talking about isn't primarily about payment; it's primarily about social interaction. You must pay attention to the key point. It's social interaction, not payment!"

Its establishment was based on social connections.

Social payment can innovate many functions, such as money transfers, where people can transfer money directly while chatting. Another example is red envelopes (digital cash gifts); you can casually send a red envelope to your girlfriend while chatting, and I believe she will be very happy.

Of course, when communicating in a group, sending a red envelope and having everyone grab it can liven up the atmosphere and strengthen relationships.

Of course, every advantage has its disadvantages, and it may lead to people starting their conversations by asking for a red envelope.

However, these are not things we should be concerned about.

Now I'll get to the main point! Making change, payment, and membership!

With the widespread adoption of smartphones, a second market for payments emerged: offline payments. Let me give you a simple example: you're walking down the street and thirsty, but you've forgotten your wallet. You simply scan the merchant's QR code with your phone to complete the payment.

It's very convenient, and you don't have to worry about getting change.

As for members, they are of course members of various websites. I don't need to explain how it works, everyone knows, right?! Social payment not only makes transactions more convenient and efficient for users, but also makes many traditional businesses and customs more innovative, bringing more fun while making transactions. Social payment has even become a new way to communicate emotions and express love.

Alipay is now the leader in online payments, and I believe everyone agrees on that. However, it's completely absent from offline payments.

The coverage of online and offline scenarios provides users with an efficient and intelligent experience in all aspects of life, including retail, catering, travel, and daily necessities, allowing users to live and travel more freely and with a greater sense of security. Users can say goodbye to wallets, queues, counterfeit money, and loose change.

I believe that a cashless day is not far off.

Future Bank can safeguard your comrades and provide them with convenience without violating Future Bank's operating rules.

I won't go into details about how to collaborate. The most important thing about social payments isn't anything else, it's openness, after all, it's social.

Therefore, social payments are destined to be small-amount transactions; large-scale payments will likely still need to go through Alipay. After all, Alipay focuses on secure payments. In the future, banks could invest in Alipay, turning it into a portal. These are all possibilities,” Chen Yu said softly.

Zhuge Yun and the others were shocked. They had never imagined such a thing, but the scene Chen Yu described to them at this moment seemed to be right in front of them, and it really was happening right before their eyes.

The availability of Android phones makes the widespread adoption of smartphones only a matter of time. Given that Ikkyu's phone costs 999 yuan, even lower-priced phones will likely appear soon.

This market is never short of competition, and it's never short of price wars.

A cashless day is no longer impossible.

"Most importantly, because we have various financial reserves all over the world, the bank can launch a direct foreign currency exchange function in the future."

For example, what if I travel to the United States but don't have enough US dollars, and it's inconvenient for me? Future Bank offers direct exchange services.

However, a 1% service fee will be charged, and the exchange rate will be calculated based on the lowest rate within 24 hours. If the exchange rate is unstable and drops too much, adjustments will be made accordingly. The minimum service fee is five US dollars.

I believe that people traveling abroad won't care about five dollars. This would make banks the preferred choice for business travelers worldwide.

I've already prepared for the future of banking. Alipay can also be included; I believe operating through a mobile app will be very convenient.

In the future, a bank will only allow one free main account per person in their lifetime, but multiple sub-accounts will incur fees, with the fees increasing for each sub-account. The first sub-account will cost $1 per month, the second $2, the third $5, the fourth $10, and the fifth $20 per month. A person can have a maximum of five sub-accounts.

At the same time, the integrity system has also been fully launched and established. As for the specifics, I won't go into details now, but we can discuss that later.

Chen Yu then shared many of his ideas, thoughts, and suggestions.

These world-class leaders were utterly impressed. In reality, Chen Yu simply copied Earth's development ideas.

After giving his instructions, Chen Yu left. The rest was up to these people to discuss.

After returning to the film set, Chen Yu continued filming.

The next morning at nine o'clock, Chen Yu called the old man.

"What is it?!" The old man saw it was Chen Yu calling and wondered why this guy was suddenly contacting him. Chen Yu hadn't attended the last National People's Congress, which had made the old man quite unhappy. However, he brought up the same question Chen Yu had raised last year at the Congress.

A report was also made regarding the quality issues of the project.

Furthermore, it proposed laws related to engineering quality, which would subject all enterprises, units, and individuals involved in the design of engineering projects to criminal penalties.

Because cutting corners and producing substandard goods is destroying the foundation of the country and is suspected of intentional homicide.

If something goes wrong with the project, there will inevitably be casualties.

The regulations also stipulate that anyone involved in the project construction is prohibited from leaving the country or immigrating for ten years. Furthermore, anyone found guilty, regardless of who they are, will be held criminally liable.

The proposal shocked the nation. However, it garnered immense support from ordinary people. Many work their entire lives to buy a house, only to end up with the fear of death – a situation that would be unbearable for anyone.

It also made a report on Xuzhou as a special zone of China.

We attract investment, but it must be genuine investment, not speculative ventures, and certainly not polluting companies. Any shell company hoping to establish itself in Xuzhou should not even dream of it.

This has caused immense frustration for countless speculators hoping to make a fortune from this opportunity.

This decision was made after a long period of discussion.

"The Future Bank has been fully established and will open globally on May 1st!" Chen Yu said.

"So fast?! You've really done it right. Banks are different from other places; you have to be absolutely sure of everything!" the old man said.

"Don't worry, I know what's important. The bank's security is beyond question. The staff are either top students from major universities across the country or poached from other banks. As for the bank's entire system, it has been built over five years. It is no weaker than Morgan Stanley, Citibank, or Swiss Bank."

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