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Digital money

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Digital money
A form of electronic money that can be used to pay for goods and services, most often on the internet or another electronic medium.
    
Upon receiving the buyer's authorization of the payment, the vendor contacts the issuing bank and receives a transfer of funds.It refers to money or scrip which is exchanged only electronically. Typically, this involves use of computer networks, the internet and digital stored value systems.
Posted by  Henley & Partners Group Holdings Ltd
 
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