Business, Management and Accounting
7 years ago

e-Money: The Future Universal Currency Driving the Global Economy

RePEc: Research Papers in Economics
currency of the net - e-Money: potential untapped
One

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The article discusses how digital money, known as e-Money, will impact businesses and financial transactions. E-Money's ability to be divided infinitely online will make it a universal currency, driving the global digital economy. This shift will also change how Central Banks control money. Key terms include Barter System, interest rates, and the time divisibility of money.