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Bitcoin vs Electronic Money | CGAP
This Brief provides information about Bitcoin and contrasts Bitcoin with e-money to avoid alarm about the former to the detriment of the latter.
View an infographic comparing Bitcoin and e-money
One way to comprehend virtual currency is to first understand fiat currency. Fiat currency is any legal tender designated and issued by a central authority that people are willing to...
Date: 2017-12-20 03:56:02
Bitcoin vs. Electronic Money: Digital But Different | CGAP
On the other hand, e-money is digitally issued against equal value of fiat currency, and it can be centrally regulated, usually by a central bank. The report also points out that, unlike Bitcoin, there is growing evidence that e-money schemes have helped bring people into the formal financial system, especially in developing countries through mobile phone technology.
Date: 2017-12-20 04:10:33
Related topics : digital money bitcoin / electronic money bitcoin / digital virtual currency and bitcoins / current bitcoin market value / current bitcoin market