Internet money, reality or virtuality?

[Объединенное Детективное Бюро]

Electronic money has long, long been included in our everyday life. However, for many, this option of transferring money or payment remains rather vague. With the development of the Internet in our country, unfortunately not yet fully understood, electronic money or Internet money also appeared on the global network. The circulation of electronic money is due, of course, only on the Internet, and only between those users who have a laptop or computer and access to the global network from them. All the rest may not even have a clue what Internet money is, and for them this money is of absolutely no value, because they simply do not need it.

Let's try to figure it out in this process. But for starters, some information about the volumes that spin in the virtual space. According to the Russian association Electronic Money, in 2009, in our country, about 17 billion rubles (547 million dollars) passed through electronic wallets in our country. On the Russian market today, the four main players in such payment systems are Yandex.Money, which accounts for about 47 percent, Webmoney — about 45 percent, and almost four percent — RBK Money and “Wallet One”. You can manage your money safely in these systems via the web interface or using special programs such as “Internet wallet”.

You can pay for goods and services on the Internet, transfer money to individuals and legal entities, pay utility bills, and much more. Of course, for an ignorant person who is not familiar with the computer and the capabilities of the Internet, this will seem like complete nonsense. However, it is not. At the end of the last 20 century, the central banks of the European Union began to study the phenomenon of electronic money, which at that time were considered prepaid cards. The results of this analysis were published in May 1994 and became official recognition of the existence of electronic money. When analyzing new technological schemes, namely prepaid multi-purpose cards, the central banks of the European Union came to the fundamental conclusion: in the case of the distribution of such products, central banks need constant monitoring, information exchange and political decision-making in order to preserve the integrity of the payment system.

In 1996, the leaders of the central banks of the G10 countries announced their intention to monitor electronic money in the countries of the world. Since that time, the Bank for International Settlements, with the support of world central banks, regularly analyzes the development of electronic money and related systems. At first, the data was confidential and accessible only to central banks, and since May 2000 it has become publicly available. In a 2004 study, central banks of 95 countries took part and it turned out that electronic money operates in 37 countries of the world. And every year their number is growing. So, the fact that electronic money and financial transactions have received international recognition is understandable. Now about the money itself. Electronic money is usually divided into two types: based on smart cards (card-based) and based on networks (network-based). Both the first and second groups are divided into anonymous systems in which operations are allowed without user identification and non-anonymous systems that require mandatory user identification. By their nature, electronic money is closer to anonymous cash than to personalized non-cash. The presence or absence of anonymity is ensured by the rules and mechanisms for the circulation of electronic money in a particular payment system. The degree of control and regulation by state bodies of such payment systems in different countries is very different.

Often, non-state payment systems tie their electronic money to world currencies. At present, electronic money is considered as a potential substitute for cash for micro-payments. However, in terms of their qualities, electronic money can partially replace or completely crowd out cash in settlements. Electronic money is especially useful and convenient when making bulk payments of small amounts. For example, when making payments in transport, cinemas, casinos, clubs, paying utility bills, paying various fines, making payments on the Internet, using slot machines, etc.

Many players use similar systems to transfer money to online casino sites. For this, there are many special programs, ranging from Webmoney and PayPal, to less common ones like Moneybookers and others. Transferring money to a game account is quite simple, but scam attempts are usually stopped in the bud. In order to use a gaming account in an online casino, visitors have to go through a verification procedure that avoids fraud or risk when transferring money. For example, you can transfer money to the casino Europe gaming account in 17 ways, but only 9 opportunities with the highest level of security can be withdrawn from there.

The process of payment with electronic money is fast, there are no queues, no change is required, money is transferred from the payer to the recipient quickly. And your money is stored in electronic form, which are on electronic media at the disposal of the user and no one except you can dispose of it. However, today the use of digital cash is relatively low. Of course, electronic money has its drawbacks. We list the main ones: this, the lack of established legal regulation, - many states have not yet decided on their unambiguous attitude to electronic money. And also, despite the excellent portability, electronic money needs special storage and handling tools.

Now electronic money on the Internet is on the rise and is experiencing a real boom, as the number of network users is constantly increasing and people are gradually realizing that it is easier and more comfortable to pay for something via the Internet, as they say, without getting up from your chair, than to go somewhere, look and stand in line. Therefore, this electronic money is spreading with great speed and for good reason - if there were no user interest in electronic money, then there would be no Internet money at any price. So why are more and more network users starting to use Internet money, what is their interest?

There are several more reasons for this: Firstly, the high security of electronic money - you won’t believe it, but there are cases when certain individuals keep a nest egg from their wife on the network, and in large amounts! Secondly, the instantaneous transfer of electronic money can be compared with postal or bank transfers. Thirdly, anonymity, though sometimes quite arbitrary, is that if a person does not like to “shine,” then he can fulfill this condition if he wishes. Fourth, and for some, this is the main reason for interest in electronic money - this is the ability to hide your business on the network, i.e. Do not pay taxes in your state. All of the above reasons and determined the success of Internet money in the community of users of the global Internet.
newsland.ru

 

[Матушкин Андрей Николаевич]

Thank!