What's the difference between electronic money and traditional money?

The anti-counterfeiting of traditional money depends on the specific essence, while the anti-counterfeiting of electronic money can only be completed and realized through electronic technology, communication technology and encryption or authentication system.

Second, the differences in institutional issuance:

Traditional currency is generally monopolized by the central bank or specific financial institutions. The central bank bears its issuance costs and enjoys its profits. However, the distribution mechanism of electronic money is different. The issuer is not only a central bank, but also a general financial institution, even a non-financial institution, and more of the latter.

Third, the differences in geographical restrictions:

There are strict geographical restrictions on the use of traditional currency; However, electronic money has broken geographical restrictions. As long as the merchants are willing to accept it, consumers can easily obtain and use multinational currencies.

Baidu encyclopedia-electronic money