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Electronic Money

electronic money that is the Virtual Credit Card

One way to understand a little about virtual currency is to first understand fiat currency. Fiat currency is any legal tender designated and issued by a central authority that people are willing to accept in exchange for goods and services because it is backed by regulation and because they trust this central authority.

E-money is an electronic component of that fiat currency systems, and still trades in familiar units such as dollars, yen, euros, pesos, or else . E-money is typically regulated and controlled within the framework of a government’s central banking system. 

The customers of such transactions are identified under Financial Action Task Force standards and as a result are not anonymous. Well that is where we come in.