Electronic Money is the future of the next generation due to the dependence of cash getting low and the electronic money is high demands due to grow up of people knowledge. Every person is going forward to use electronic money in form of debit cards or credit cards and now it’s possible to transact with money with e-wallets and directly transfer from the bank accounts in any place of the world. Electronic Money is easy to handle compare to cash .
With cash very most chances to stolen when you forgot to store in cash in a safe place. Everyday many people around the world experiencing robbery or stolen by theft. But Electronic money e-cash is easy to handle and secure everywhere no one can rob you with a gun. Cash is the current possible alternative to pay the number of services to anyone.
Future Electronic Money Bitcoin Goes End
Bitcoin is a worldwide cryptocurrency and digital payment system called the first decentralized digital currency, as the system works without a central repository or single administrator. It was invented by an unknown person or group of people under the name Satoshi Nakamoto and released as open-source software in 2009. The system is peer-to-peer, and transactions take place between users directly, without an intermediary. These transactions are verified by network nodes and recorded in a public distributed ledger called a blockchain.
Bitcoins are created as a reward for mining. They can be exchanged for other currencies, products, and services. As of February 2015, over 100,000 merchants and vendors accepted bitcoin as payment. Bitcoin can also be held as an investment. According to research produced by Cambridge University in 2017, there are 2.9 to 5.8 million unique users using a cryptocurrency wallet, most of them using bitcoin.
Future Generation only uses electronic money and plastic money in form of credit or debit card. Electronic money offers wide ranges of expansive growth in the transaction over the international boundaries. The most powerful electronic money is Bitcoin it daily price up day by day . its encryption impossible to crack by hackers. Bitcoin is limit in number that a number of bitcoin fall every year.