Similarities and differences between electronic cash and paper cash

Electronic cash is an electronic form of cash currency, also known as digital cash. It converts the cash value into a series of encrypted serial numbers, which represent the monetary value of various amounts in reality. When used, it is completely similar to paper cash, mostly used for small payment, and it is a stored value payment tool. When customers open an account in an electronic bank that operates electronic cash business and deposit money into the account, they can use it for shopping. It also has four basic functions of traditional currency: value measurement, circulation means, saving means and payment means.