Short description: characteristics that distinguish electronic money from other forms of money

Electronic money compared with traditional money:

One is invisible and quite convenient, the other is tangible.

The two produce different backgrounds, such as social background, economic conditions and level of science and technology; their manifestations are: electronic money is an electronic pulse instead of paper transmission and display of funds, through the microcomputer processing and storage, there is no traditional currency size, weight and imprint; electronic money can only be circulated in the field of money transfers and the circulation of the speed of the circulation is much faster than the circulation of traditional money; traditional money can be in Any area of circulation and use, while the electronic currency can only be used in the credit card market circulation; traditional currency is issued by the state and forced circulation, while the electronic currency is issued by the bank, the use of which can only be publicity and guidance, can not be forced to order, and in the use, with the help of legal tender to reflect and realize the value of commodities, the settlement of claims and debts between commodity producers; the impact of electronic money on the society in a wider and deeper range. The impact of electronic money on society is wider and deeper.

Expanded information:

A. Characteristics of electronic money:

1. It is a kind of intangible currency in the bank on the basis of highly developed electronic technology, it uses digital pulse instead of metal, paper and other carriers for transmission and display of funds, through the chip for processing and storage, and thus there is no traditional currency physical form, size, weight and seal, the holder does not get the actual feeling of holding.

2. E-money is an online currency. E-money is usually transmitted over a dedicated network and processed through POS, ATM, that is, e-money is money that circulates in large quantities online over the Internet in addition to existing banks, checks and banknotes. Electronic money requires storage devices for safekeeping, means of communication for exchange, and computers for encryption and decryption to keep it secure.

3. Electronic money is a kind of information currency. Electronic currency in the final analysis is nothing more than the conceptualization of monetary information, it is actually by a group of users with identity, password, amount, the use of the content of the digital composition of the special information. People use electronic money transactions, in fact, the exchange of relevant information, this information is transmitted to the opening of this kind of business after the bank, the bank can be for the two sides of the transaction settlement, so that consumers and businesses can be than the reality of the banking system is more cost-effective, more convenient and faster than the way each other to receive and pay funds.