It must have value, acceptability, availability, security, and convenience
Many retailers and banks must accept it
We trust that it can be converted
It must be easy to use
It should minimize transaction costs
Non-cash payments involve verification and authentication for each transaction (ex: checks)
Offline, cash is used for 85% of all transactions, even though it accounts for 5% of the value of these transactions
Digital money will serve a similar function
| Previous slide | Next slide | Back to first slide | View graphic version |