It is not just business networks that use alternative systems to trade without official money a recent book co-authored by an associate scholar with the institute for leadership and sustainability (iflas) , john rogers, describes worldwide innovations in community exchange systems, such as banco palmas in brazil , which is creating thousands of new jobs. Fiat money is similar to commodity-backed money in appearance and usage, but differs in that it cannot be redeemed for a commodity, such as gold (european central bank 2012) by contrast, virtual currency is “a type of unregulated, digital money, which is issued and usually controlled by its developers, and used and accepted among the members.
A complementary currency is a currency or medium of exchange which is not a national currency, but which is thought of as supplementing or complementing national currencies  : 3  : 2 complementary currencies are usually not legal tender and their use is based on agreement between the parties exchanging the currency. Electronic money (smart card), the alternative way of paper money abstract: everyday life has suburbanized by the modern technologies and money is not exclusion the conventional ways of the monetary exchange has improved into electronic ones tonight electronic money has become progressively fashionable among people and around the globe. Top alternatives to paper money i’ve just left the liberty forum in new hampshire, a three-day gathering of hundreds of people who are trying to find ways of living freer lives in times of despotic control among many things, this might be the world center for exhibiting monies of the future.
6 unexpected items that could replace paper money search form search there are all kinds of ways to get creative around alternatives to our current “common currencies,” wolman points. Yes, digital currency will replace paper money if we are talking about the means to which we use currency, then yes, paper money will be replaced by digital currency but i do not mean that something like bitcoins will replace traditional currency. The history of money: from barter to banknotes the shift to paper money in europe increased the a mobile payment is money rendered for a product or service through a portable electronic.
Digital currency (digital money, electronic money or electronic currency) is a type of currency available only in digital form, not in physical (such as banknotes and coins) it exhibits properties similar to physical currencies, but allows for instantaneous transactions and borderless transfer-of-ownership. Money the truth about the death of cash there is simply no alternative system of payment that is as convenient, reliable and anonymous and you may not even touch a piece of paper money. Currency in circulation electronic money can be held in various accounts most individuals and businesses store their money with banks which provide electronic records of the cash on deposit other forms of stored value electronic money include digital wallets such as paypal and square or prepaid cards which allow users to deposit fiat currency for electronic money.
Digital currency is a money balance recorded electronically on a stored-value card or other device another form of electronic money is network money, allowing the transfer of value on computer networks, particularly the internet electronic money is also a claim on a private bank or other financial institution such as bank deposits.
Electronic money, or e-money, is the money balance recorded electronically on a stored-value card progressively, people are using computer networks and spend for goods and services with electronic money in 1983, a research paper by david chaum introduced the idea of digital cash every day we face the retail money problem.