The Future of Electronic Money ( case 1)
2 pages (500 words)
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... Future of Electronic Money The use of electronic money is on the rise, linked with the increasing use of the internet and other forms of information technology. Electronic money comes in many forms, each of which have their own advantages and disadvantages, but the benefits of which generally include increased anonymity and faster transactions. In the next five years, it is likely that the use of electronic money will increase in line with the number of internet users and important advances in security (Jakobsson & Yung, 1996). This will not eliminate the need for paper forms of money, which will remain useful in many contexts, but may contribute to a significant decrease in the number of paper...