Study Of The Development Of Electronic Money

Nowadays,electronic currency,as a popular means of exchange and of storing value in the world is challenging the traditional trading means while China deepens its reform and develops its market economy. Electronic currency,as one type of currency,not only is a secure and convenient accounting tool,but also becomes an important way for the modernized bank to serve their clients. Currently,electronic currency has been extensively used in the world and it is influencing and changing our lives gradually as a result of the combination of economic,scientific and technology development.Part I of this thesis starts with the argument on the natural trend of currency development,explaining that currency is the necessary product of the evolution of commodity value and the natural result of economic development. Part II explains the economic condition and technological preparation for the birth of electronic currency. The economic condition and technological preparation is also the essential foundation for the existence and survival of electronic currency. Additionally,by explaining the special features such as timing,concealment,security,and the advanced service and accounting function of electronic currency,Part II analyzes the current situation that electronic currency faces and the roles electronic currency plays and problems it confronts in each social areas. Finally,Part III analyzes the development trend and future of electronic currency,the relationship between China's macroeconomic development strategy and electronic currency,the relationship between China's bank industry and electronic currency,and the impact of it on all companies and individual persons. Electronic currency will surely affect and challenge the traditional trading means tremendously. Electronic commerce will become the fundamental driving force of economic growth. While the era of E-commerce is facing an unprecedented opportunity,electronic currency is reaching each corner of the society at an amazing speed.Electronic currency is a non-paper-based trading tool in modern society. Its physical form is a card with magnetic strips or intelligence 1C chips. In addition,Internet currency,through Internet transaction,is one of the major form of electronic currency. By using electronic currency,commercial banks will broaden their service and provide more convenient,secure,and faster financial services for customers. In the meantime,commercial banks can make higher profit. As a multi-functional payment tool,electronic currency connects the market directly and shows stronger dependency and sensitivity toward the market than the traditional currency. Electronic currency not only accelerates the development of every banking service,completes the service of commercial banks,and improves its service and management,but also becomes an important tool to develop market of each and every area of the society,to gain huge profit,and to improve fund structure and currency flow. In general,electronic currency is very likely to replace the traditional currency in modern society and will have great impact on the society in the future.