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What is the electronic version of money?

Electronic money (e-money) is broadly defined as an electronic store of monetary value on a technical device that may be widely used for making payments to entities other than the e-money issuer. The device acts as a prepaid bearer instrument which does not necessarily involve bank accounts in transactions.

What is an example of electronic money?

Examples include PayPal, Apple Pay, and Google Pay. Prepaid Cards: Prepaid cards are physical or virtual cards loaded with a specific amount of electronic money.

What is the difference between digital money and electronic money?

What distinguishes digital currency from the existing electronic currency in bank accounts is that digital currency never assumes physical form, unlike electronic money. They are generally handled, preserved and exchanged using digital computer systems, particularly those connected to the internet. What Are The Four Types Of Digital Currency And How Do They Differ? nttdatapay.com blog types-of-digital-cur nttdatapay.com blog types-of-digital-cur

What is electronic form of money?

There are three main varieties of digital currency: cryptocurrency, stablecoins and central bank digital currency, known as CBDCs. Blockchain technology, which provides the foundation for cryptocurrency, is the most common form of distributed ledger used by digital currencies. Digital Currency: The Future Of Your Money - Forbes forbes.com investing cryptocurrency d forbes.com investing cryptocurrency d

Does electronic money exist?

Electronic money is used for transactions globally and is commonly accessed through electronic banking systems and monitored through electronic processing. What Is Electronic Money or eMoney? - Investopedia Investopedia Banking Investopedia Banking

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