Digital money is information stored on a computer chip in a plastic card or on a personal computer so that it can be transmitted over the net
These products differ in their technical aspects from conventional forms of payment
There are two basic ways of representing the value of funds stored on an ecash device:
Balance-based: a single balance is stored and updated with each transaction
Note-based: electronic Ågnotes,Åh each with a fixed value and serial number, are transferred from one device to another
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