Electronic Money:Legal Nature

In pace with the vigorous development of digital or info rmation technology, digital payment system has been emerging. And the electronic money plays a key role in the payment system. The electronic money is a payment instrument for settlement obligations through exchanging electronic dates. Ther e are two mainly kind of electronic money: stored-value products and acce ss products. Credit cards, Mondex cards, Visa cash cards, Electronic cash, etc . are popular electronic moneys in the financial market at present. The author's opinion on electronic money is that the electronic money isn't a new kind of mo ney, particularly not the legal tender, it's just a claim which the holder ask t he issuer to exchange equal currency(legal tender) to him.