Title: A Comparative Research between Electronic Currency and Virtual Currency
Abstract:The paper first makes a demarcation between electronic currency and virtual currency,and then carries on a comparative research between them in terms of issuer and issuance guarantee,payment direction...The paper first makes a demarcation between electronic currency and virtual currency,and then carries on a comparative research between them in terms of issuer and issuance guarantee,payment direction and payment scope,etc. The conclusion is the following:the electronic currency issued by banks is a medium of exchange,it is global money with infinite payment power; the prepayment-virtual-currency issued by network companies isn't a medium of exchange,it's not real money but local unilateral payment tool; the pure virtual currencies like economic-forum-money of Renmin University of China have the character of medium of exchange and are one kind of local money with finite payment power,but they are no longer media of exchange when absent from virtual community,though they may be bought in and sold at a profit.Read More
Publication Year: 2008
Publication Date: 2008-01-01
Language: en
Type: article
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