The History of Electronic Money
Electronic money gives flexibility to the owner because it is paperless and can be transferred around with the use of technology such as internet. It works through the use of a “public and private key” system, which allows user to access his or her account through the use of a security pin code. Generally, electronic money is also identified by the terms e-money, digital cash, digital currency or electronic cash. The history of electronic money can be traced back to 1860, when the Western Union introduced the electronic fund transfer (EFT). This marked the beginning of Read more