Stored value cards
Digital money is a claim on a party, most commonly, the issuer, stored in the form of computer code on a credit card sized card or on the hard drive of a computer
Consumers purchase the claim with traditional money
Consumers exchange the claims for goods and services with merchants who are willing to accept the claim as payment
Cards representing such claims often go by the name Ågstored value cardsÅh (SVCs)
Cards containing computer chips are called Ågsmart cardsÅh
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