Question

discuss the concept of electronic money​

Answer 1

Explanation:

Electronic money (e-money) is broadly defined as an electronic store of monetary value on a technical device that may be widely used for making payments to entities other than the e-money issuer. The device acts as a prepaid bearer instrument which does not necessarily involve bank accounts in transactions.

E-money products can be hardware-based or software-based, depending on the technology used to store the monetary value.

Answer 2

Answer:

Electronic Money is a type of money which exists only virtually can be used only in virtual reality but as much as valuable as physhical notes or currencies