This story was originally published on HackerNoon at:
https://hackernoon.com/educational-byte-electronic-money-vs-cryptocurrency.
We need to have this in mind for the sake of our financial privacy and autonomy: electronic money isn’t the same as cryptocurrencies.
Check more stories related to web3 at:
https://hackernoon.com/c/web3.
You can also check exclusive content about
#digital-money,
#electronic-money-institution,
#digital-asset,
#cryptocurrency,
#ecash,
#obyte,
#good-company,
#hackernoon-top-story, and more.
This story was written by:
@obyte. Learn more about this writer by checking
@obyte's about page,
and for more stories, please visit
hackernoon.com.
Electronic money or e-money refers to digital forms of currency used for online transactions and stored in electronic devices or systems, such as bank accounts, computers, or digital wallets. The category encompasses various forms, including cryptocurrencies, transfers with digital fiat (national) currencies, Central Bank Digital Currencies, and e- money services. An important factor to distinguish among these types is the centralization (or not) of these systems.