What is electronic currency

Electronic money is the digital representation of money, or more accurately,.Electronic money, or e-money, is the money balance recorded electronically on a stored-value card or other device.Technically, electronic money is a system of debits and credits used to store monetary value on a technical device and exchange value with another system.

Any one know of a decent currency converter pocket size to travel with to Vietnam thanks.Changing technology is making transactions less and less dependent upon the minting of money.Traditionally, if you kept your money in a checking account, you would write a paper check any time you wanted to pay for something.

They are different to the traditional fiat money system in three key ways: transactions are anonymous, you can create your own wallet bank account in minutes and the network is decentralised run through consensus of its participants.Electronic banking, also known as electronic fund. a site maintained by the Office of the Comptroller of the Currency,.

Bitcoin, an experiment with a radically new kind of electronic money, has exhibited many of the characteristics of a speculative bubble.Quora Sign In Niacoin Digital Currency Virtual Currencies Cryptocurrencies What is the difference between a cryptocurrency, a digital currency, and a virtual currency.The main disadvantage is that the emission of electronic money is guaranteed only by the issuer, the state does not.The key advantage of electronic money over paper currency is this: Monetary systems based on paper currency allow for strongly positive interest rates, but.

Forms of Currency: Commodity - How Currency Works

Most small business owners would agree that keeping track of finances using appropriate accounting software not only helps them meet legal record keeping requirements.The challenge for communicating ideas about money, is that different users interpret the terms differently.

The new money system calls for the Creation of a secure, ecologically sustainable, resource based, electronic, open source.

Q: How is electronic money coded and tracked, if it is

Strip in U.S. Banknote - Snopes.com

This does not mean, however, that it is impossible to get paper currency from electronic cash.As a result, novel buzzwords such as smartcards, online banking and electronic.