How does e-money maintain its value?

So, like all money in our centralized financial system, electronic money maintains its value through trust. In the case of e-money, this trust is backed by stable, well-accepted assets. The issuer only gives out e-money “on the receipt of funds”. This means that all electronic money in circulation derives from fiat money.

What is an e-money electronic wallet?

The device in question could be software (like a banking system, or a payment service provider such as PayPal) or a piece of hardware like a smartphone or a magnetic device such as a prepaid card. In both cases, we call such devices storing e-money electronic wallets or e-wallets ( check this article for a full explanation of those ).

What makes digital currency different from e-money?

All these unique variations of digital currency have qualities and applications that differentiate them from e-money. Take cryptocurrencies, for example. Like electronic money, they have a worth which can change with the ebb and flow of the market.

What is kekurangan e-money?

Kekurangan e-money Kekurangan utama pada e money adalah Anda hanya bisa menggunakannya pada mesin yang mampu membaca e money secara spesifik saja. Kartu seperti ini tidak bisa Anda gunakan untuk belanja online, menggunakan mesin debit yang umumnya tersedia di kasir, atau bahkan ATM.