Re: Electronic money

Roland Perry <[email protected]> Tue, 2 Dec 2014 20:31:44 +0000

Newsgroups	gmane.law.cryptography.uk
Message-ID	<[email protected]>

In article 
<CAEWR3ktn-naxBKEU_g+d67cE8t1-AhQikNWZJa8qpD-=u3xyOQ-JsoAwUIsXosN+BqQ9rBEUg@public.gmane.org>, 
Francis Davey <[email protected]> writes
>Specifically I am interested in knowing if there are any systems of 
>open circulation "electronic money" that don't involve smart cards or 
>similar physical tokens.

PayPal balances seem to be the closest I'm aware of, although they may 
not be guaranteed by any useful state regulation/intervention.

A recent-ish innovation is that they have issued PayPal plastic which 
allows you to withdraw balances (within quite strict limits) from an 
ATM. As far as I can determine the best analogy is that it's a pre-pay 
Mastercard whose balance is topped up 'just enough' in real time while 
you are making a withdrawal.
-- 
Roland Perry