Electronic Money Supervisory Commission

e-Money Today

e-Money Today


  • Life has been changed by the new technologies and money is not an exception. The traditional ways of the monetary exchange have developed into electronic ones. Nowadays, electronic money has become increasingly popular among people around the world. And this is not surprising, because it is really convenient way for:

    • site owners, who can use electronic money to pay almost all the services that are required for normal functioning of their websites;
    • employers, who have opportunity to pay for work to freelancers;
    • Internet users, who can pay for different goods and services in online shops, pay for utilities, various fines and even for staying in the hotel.

    Innovative mobile payment systems—this will stimulate growth of card-based e-money usage and mobile wallets on the smartphones give people opportunity to pay via the Internet with a virtual credit card that has been stored digitally. The digitalization of financial services could stimulate growth of network-based e-money usage. The schemes of this type of money allow us to make anonymous payment at a cheaper cost than other ones. Virtual e-money, like Bitcoin, that spreads really quickly and has a lot of potential users. Bitcoin is a peer-to-peer version of e-money that allows online payments to be sent directly from the payer to the payee without going through a financial institution.
    Payment processing cost reduction, e-commerce growth and decrease of technology costs are stimulating expansion of electronic money usage

    Based on the statistic data, the total amount of e-money transactions have increased significantly. Only in European Union over the period from 2010 to 2015 number of e-money transactions rose from 1090 to 3500 millions. This trend is also relevant in the present moment.

    Using electronic money people can make payments more efficient. Transaction costs are lower than in case of using other payment instruments. The amount of e-money transactions have the potential to grow. Widespread use of e-money will probably reduce the use of cash and credit cards. The digitalization of financial services might boost the use of e-money in near future.



  • Electronic money is useful for Internet users and a great assistant in banking transactions and its development potential is enormous. Having in mind that every innovation needs time for implementation, we can expect the world in the future will be covered with e-money.

    Uprising Cryptocurrency Companies

    1. Bitcoin
    2. Ethereum
    3. Bitcoin Cash
    4. Ripple
    5. Litecoin
    6. Dash
    7. Nem
    8. Iota
    9. Monero
    10. Neo

    Top 10 cryptocurrency companies that uses digital money in market and other transactions.