• Create BookmarkCreate Bookmark
  • Create Note or TagCreate Note or Tag
  • PrintPrint

E-Money

E-money will become an important retail payment method if financial institutions as well as merchants have a strong vested interest in the gradual disappearance of traditional forms of payment due to their costs. E-money is able to cover a wide range of transactions. It is an excellent accounting unit, and can be converted from one currency to another, or transformed into bonds or stocks almost instantly. It takes up virtually no room, can be counted automatically, and never wears out, rusts or tarnishes. E-money is especially useful in distant transactions (Andrieu, 2001).


PREVIEW

                                                                          

Not a subscriber?

Start A Free Trial


  
  • Creative Edge
  • Create BookmarkCreate Bookmark
  • Create Note or TagCreate Note or Tag
  • PrintPrint