Computer Science, asked by aqib3, 1 year ago

what kind of transactions is electric money best suited for ?why?

Answers

Answered by Kan11
6
Our life has been changed by the new technologies and money is not an exception. The traditional ways of the monetary exchange have developed into electronic ones. Nowadays, electronic money has become increasingly popular among people around the world. And this is not surprising, because it is really convenient way for:

site owners, who can use electronic money to pay almost all the services that are required for normal functioning of their websites;employers, who have opportunity to pay for work to freelancers;Internet users, who can pay for different goods and services in on-line shops, pay for utilities, various fines and even for staying in the hotel.

To understand why electronic money is so popular let’s clarify what is it and what is the place of e-money in scheme of the payment instruments.

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