electronic money
Cashless payment funds
Electronic money is currency that exists only in digital form, held in bank accounts, payment systems, or digital wallets rather than as physical cash.
The term covers everything from the balance in your checking account to cryptocurrency.
Most modern transactions involve electronic money—when you swipe a card or send a payment, no physical currency changes hands.
Also called e-money or digital currency.
- cryptocurrencyEncrypted decentralized money
- remittancesPayments sent abroad
- prepaid cardsPayment tools funded upfront
- online shoppingInternet-based retail activity
- cashless societySystem using only electronic payments
digital wallets · blockchain · micropayments · virtual currency · digital cash · payment gateways · data privacy laws · stablecoins · e-wallet · PayPal · contactless payment · mobile banking · loyalty programs · subscription services · smart cards · Venmo · peer to peer · crowdfunding platforms
- money systemsbank reserves, central bank, fiat currency, banknotes, M2
- moneydollar, euro, coin, cash, pound
electronic moneycash
Ready spending funds
coins · bills · paper money · hard currency · banknotes
electronic moneybarter
Direct goods-for-goods exchange
cowrie shells · wampum · old money · precious metals · trade goods
electronic, electron, electronics, electronically, electric, electrical, electrically, electricity, electrify