search query: @author Cortese, A. / total: 10
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| Author: | Holland, K. Cortese, A. |
| Title: | The future of money |
| Journal: | Business Week
1995 : JUN 12, VOL. 3412:742, p. 36-40, 42, 44, 46 |
| Index terms: | CREDIT CARDS CASHLESS SOCIETY ELECTRONIC FUNDS TRANSFER SYSTEMS |
| Language: | eng |
| Abstract: | E-cash may be technologically light-years ahead of early money. But in many ways, it is closer to seashells than greenbacks. E-cash is digital money that moves through a multiplicity of networks instead of the current bank system. It comes in lots of guises, is created by lots of individual parties, and is backed by anything constituents demand as an accepted medium of exchange: gold, dollars, yen, whatever. It is the ultimate, and inevitable, currency for the wired world. Competition is intense, producing rapid innovations. Using money downloaded to your PC or a palm-size electronic "wallet," you'll be able to zap money to merchants on the Net - or buy a newspaper faster than you crab a greenback. |
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