Whats electronic cash (E-cash)?
E-cash is a payment system, based on smart card technology, which offers an alternative to paying cash for goods and services. How does E-cash work? E-cash storable smart cards can store and dispense cash electronically, making bills and coins lesser necessary.It transfers funds over phone lines, making it easier to reload your smart cards.You can use this system wherever you see the outlets accepting e-cash. This is basically an electronic wallet that allows person-to-person payments.The telephone or Internet link lets you make this person-to-person payment anywhere in the world.The card can store around five separate currencies at the same time. Is it possible for keeping tabs of my expenditure made through the card? Yes.E-cash compatible ATMs, telephones, and electronic wallets include a statement key that lets you check the last ten transactions on your card.You’ll get an instant electronic statement showing how much you have spent and where and when you spent it. What is an electr
