Electronic Money in the National Payment System: regional aspect

DOI

10.2991/cssdre-18.2018.68How to use a DOI?

Keywords

electronic money, payment system, cryptocurrency, blockchain technology

Abstract

Electronic money is a high-tech segment of money circulation and one of the evolutionary stages of the payment system. The studies of the technological profile of electronic money genesis, which includes eight stages of its evolution, reveal the final formation of the technical-and-technological concept and the need for the reinforcement of the financial content of electronic money in the legislation delegating some functions in the payment and settlement systems to new technologies. The functioning of the centralized electronic money systems and decentralized cryptocurrency systems helped to reveal their advantages and disadvantages.The research of the social profile of electronic money users in some Russian cities such as Astrakhan, Volgograd and Saratov was done on the basis of the questioning and interviewing the citizens. The authors systematized and generalized the characteristics of the existing approaches to the organization of electronic payment and settlement systems ??" centralized and decentralized ??" to identify the risk levels of each of them. As a result, it allowed us to formulate the proposals on the improvement of the electronic money systems using the blockchain technology in centralized systems. We also characterized the requirements to cryptocurrencies as types of electronic money and forecast the number and the amount of transactions processed with electronic money.

Copyright

© 2018, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Natalia Kunitsyna
AU  - Ekaterina Dyudikova
PY  - 2018/05
DA  - 2018/05
TI  - Electronic Money in the National Payment System: regional aspect
BT  - Proceedings of the International Scientific Conference "Competitive, Sustainable and Secure Development of the Regional Economy: Response to Global Challenges" (CSSDRE 2018)
PB  - Atlantis Press
SP  - 321
EP  - 325
SN  - 2352-5428
UR  - https://doi.org/10.2991/cssdre-18.2018.68
DO  - 10.2991/cssdre-18.2018.68
ID  - Kunitsyna2018/05
ER  -