Electronic currency G12

A payment method that occurs in a digital form

• Physical currency

• Electronic currency

Is a method of payment that is similar to paying with coins and bank notes

• Digital currency

• Virtual currency

• CBDC

Contactless payment is

• Touching the card to the computer

• Insert PIN code

• Swipe the credit card

A type of card that has a set amount of currency stored on it

• Virtual currency

• Stored value card

This is monetary value that can only be loaded onto it.

• Closed loop card

• Open loop card

Is one that has a central body that is managing and regulating the use of the currency

• Decentralised system

• Centralised system

CBDC is the digital form of what is known as ......

• Bank note

• Fiat money