Many things are interconnected, yet they are all linked together; it is a web woven within an ecological environment.

Many derivative things will emerge from this network.

Although POS machines are used for offline payments, they are theoretically a form of online payment.

Or rather, it is a type of online payment.

The T+1 next-day settlement model brings more cash flow to banks.

Since the funds arrive at the linked bank, as long as the customer is shown a number to prove that the money has arrived, the customer is likely not to use the money for the time being.

If you accumulate enough, perhaps several hundred million could be used to create a cycle of transactions.

For example, take WeChat Pay or Taobao Pay. When you open your wallet and see the same numbers, you'll feel reassured as long as the numbers remain unchanged.

Actually, you're only looking at the surface.

In reality, there was no money inside; it was taken by those organizations for other purposes.

Only a small portion of the funds are actually being recycled. When you make a payment, it may not be your money, and you won't see it, but the backend data will show it.

This is a form of digital credit.

If there is a large-scale withdrawal and misappropriation, it will also cause a collapse, and the banks that are connected to it will also suffer.

The banks won't collapse; they'll just exacerbate the credit crisis. The real victims will be the people who use and deposit the money.

Xing Baohua also wanted to learn from Lao Ma, but he felt he was still lacking in experience.

Especially Old Ma's Ant Group. He leveraged 3 billion yuan of capital to control 2 trillion yuan of capital.

How did he manage to play it? And he actually succeeded.

So many people went to study it, everyone wanted to learn that kind of experience, but is it possible to learn it?

For a while, those short videos used Lao Ma's example every day to teach.

Let's talk about how Ant Group's 3 billion yuan in assets were used for cyclical pledging, which resulted in 40 billion yuan.

We'll use 40 billion to leverage the bank's 2 trillion.

This represents a huge amount of capital! It also signifies enormous risk.

Many people wonder, what if Ant Group runs into problems and goes bankrupt?

People are drawn to the research, and these people have made many hypotheses.

If that happens, Ant Group will have a maximum debt of 43 billion, while banks will have 20% of that debt.

Regardless of where this 20% comes from, that 20% still amounts to 400 billion yuan, and this money ultimately goes to the users.

In other words, users can see the balance number on the screen but cannot withdraw the money, let alone make any purchases.

This is a worst-case scenario. In the world of capital, even banks go bankrupt, let alone a capital company. So who will ultimately bail them out?

Of course, the government cannot simply stand by and do nothing; various regulatory mechanisms must be in place.

Fortunately, Xing Baohua has a bank, which is quite authoritative in the field of financial credit.

The more trust the public has in banks, the easier it is to promote them.

With Huahong Bank preparing for its IPO, its credibility will continue to rise. As long as it doesn't make any disastrous decisions, Huahong Bank will become a large financial institution.

Of course, risk supervision agencies should also be strengthened in the future.

After dinner, Xing Baohua did not participate in the foolish antics of those second-generation rich kids.

Instead, they returned to Ericsson, the company that was working on the system.

Xing Baohua brought a lot of IC cards this time, ranging from cards with a few hundred bytes to cards with a capacity of 2kb, all of which will be used for experiments and data recording.

Actually, Xing Baohua felt it was better to get a 2KB IC card first, and then upgrade gradually later.

This way, the SIM card can store a lot of things, such as text messages, phone numbers, etc.

When you switch phones, you can simply read the data from the SIM card.

It seems simple, but it's actually quite difficult to do. This is the first time anyone has done this, and nobody has any experience. We can only learn by trial and error.

Telephone charges should also be entered into the database. In terms of pricing, Xing Baohua felt that 1 hour of coins per minute was reasonable.

After all, it costs 60 cents a minute in China.

However, Xing Baohua's system of charging 1 hour coin per minute is a one-way fee.

Incoming calls are free.

In fact, to attract users, the cost of making phone calls is slightly higher, but receiving calls is free, which can attract many users.

Users who register with Huahong Telecom can enjoy a one-way billing discount, limited to 200 users per day.

It's the kind of place that would absolutely be packed with people. If the publicity is good, I bet many people will line up every day, and eventually they'll get a turn.

It's easier online; let's run a promotion. Ten users each day who sign up for a two-year subscription will receive a free computer.

In any case, the money comes from the consumer; not only can it drive sales of computers and laptops, but it can also bind many users.

Actually, there's no need to deliberately bind them, since they're the only internet provider in Hong Kong anyway.

However, to promote its use, we need to put in the effort. Xing Baohua came up with this strategy from the perspective of promotion.

Computers are so expensive! Buy internet and get a computer for free, what a great deal! We offer two-year, three-year, and five-year contract plans.

Xing Baohua can guarantee that at least 70% of users will be bound to the account.

Of course, this is just Xing Baohua's personal plan, and the telecommunications department team will then refine it.

Not only computers, but also brand-new mobile phones.

You can even go through an installment payment plan with a bank.

There are plenty of people who want to be trendy and show off, but they don't have much money on them, so installment payments are the most suitable option for them.

Debugging the system requires patience. Not only do the people brought by Xing Baohua need to learn from the Ericsson engineers, but the people from Huahong Telecom also need to fully understand the Ericsson system.

After leaving the telecommunications company, Xing Baohua went to check out the data center built by IBM.

When Xing Baohua discussed the network issue with the IBM representative, they regretfully informed him that the root server for the United States would not be hosted in Hong Kong.

My dear reader, there's more to this chapter! Please click the next page to continue reading—even more exciting content awaits!