Electronic money is a store of monetary value, held in digital form, which is available for immediate exchange in transactions
It is a new form of currency that acts as a generalized medium of exchange
Gold --> Paper $ --> Plastic --> Digital cash
It is an electronic replacement for physical cash (a file)
It is easily stored, transferred, and difficult to forge
It has no intrinsic value: Ågnumbers are moneyÅh
As with paper $, there is a ÅgpromiseÅh to convert it to physical cash
| Previous slide | Next slide | Back to first slide | View graphic version |