Page "Electronic money" Paragraph 1

Electronic money ( also known as e-currency, e-money, electronic cash, electronic currency, digital money, digital cash, digital currency, cyber currency ) is money or scrip that is only exchanged electronically.

Typically, this involves the use of computer networks, the internet and digital stored value systems.

Electronic funds transfer ( EFT ), direct deposit, digital gold currency and virtual currency are all examples of electronic money.

Also, it is a collective term for financial cryptography and technologies enabling it.