explanation and understanding of digital currency (digital money or 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. Examples include virtual currencies and cryptocurrencies or even central bank issued "digital base money". Like traditional money, these currencies may be used to buy physical good and services but may also be restricted to certain communities such as for use inside an on-line game or social network.
Digital currency is a money balance recorded electronically on a stored-value cardor 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
Digital money can either be centralized, where there is a central point of control over the money supply, or decentralized, where the control over the money supply can come from various sources. By : https://en.wikipedia.org/wiki/Digital_currency
What is electronic money and how it looks ??? so there are some sides of the Indonesian people say that electronic money is troubling by the method of transaction. Why? Though transactions by using electronic money is very easy and safe.
Electronic money is a non-cash transaction using a prepaid system such internet tool. indirectly and without realizing it, Indonesian society has long been using electronic money means electronic money has long been used by the people of Indonesia but do not know which one is called electronic money. For example, when shopping in a super market, you pay for groceries by credit card (non-cash transactions are non-cash transactions) and non-cash is electronic money.
Why do Indonesians consider transactions by using electronic money unsettling ??? Perhaps the system of transaction or application of electronic money in a government institution that is less precise.
In my opinion @ziyadhelmi, electronic money is very easy and safe for the transactors only by recharging the card available or applicable. For example, when you want to shop in a mall that only accepts non-cash transactions (electronic money) system, you simply bring a credit card containing the money you have saved or refill such as top up refill. Just bring the credit card you got when the transaction was secure. No need to worry anymore there is a robbery in when shopping at a mall. Non-cash transactions or electronic money is very secure and flexible. Nothing to be regretted isn’t it???
Like the information I've got on some trusted news webs;
What happen in indonesia with electronic money siystem ??? Whats wrong???
Chairman of the Jakarta Citizen Forum and the applicant's attorney, Jakarta citizens forum, Azas Tigor Nainggolan said since there are rules (non-cash transactions or electronic money) various public facilities such as toll roads and Transjakarta refuse cash transactions. "The practice of this policy (electronic money) has discriminated against citizens who want to make payment transactions with cash," said Azas in his official statement, Jakarta.
Compare to Malaysia toll System transaction:
In malaysia toll user duty to have tauch and go card. Who use it for transaction in a transportation side such as going by rapid KL bus, the geverment authority give discount around 10% than real prise need to pay. However, in Malaysia toll user can pay it by cash transaction also, it mean Malaysian toll have two way to pay (cash and non-cash). The worker in every shift will help rider or driver who pay by cash money. It was based on my experience when I used toll in Malaysia, during I live in Malaysia.
In conclusian, electronic system is best way in transaction ever,however, goverment authority should evaluate in what way or system is the best transaction in a goverment institution.
Key points:
Provides ease and speed in conducting payment transaction transactions without the need to carry cash.
No longer accept money change(such as candy) because the merchant does not have a small value change (change).
Very applicable for mass transactions that have small value but high frequency, such as: transportation, parking, toll, fast food, etc.
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