What is money - Evolution of the payment system - Electronic Money/ E-money

4 important questions on What is money - Evolution of the payment system - Electronic Money/ E-money

How does E-cash work?

An account that has links to the internet and transfers the e-cash to the computer.

What is the factor that holds the 100% cashless society back?

The security and privacy concerns.

What would a cashless society be good for?

The black market could'nt function without cash
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Why is Bitcoin so advantageous?

It is a good medium of exchange with low transaction costs and anonymous transactions are possible. However less s a unit of account of store of value because of its volatility.

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