the basic concept of electronic money. As the latest currency form, electronic money has been used more and more widely since it came into being in 197s. E-money is a kind of credit money developed from online e-credit, which uses commercial electronic machines and various trading cards as the media, electronic computer technology and modern communication technology as the means, and electronic pulses as the means to transmit and store funds. Compared with other forms of money such as paper money, electronic money has the advantages of low preservation cost, low circulation cost, low standardization cost and low use cost through the exchange of financial electronic information through online banking. Especially suitable for small amount of online purchase. Electronic money technology has solved the technical problems in the storage, circulation and use of intangible money, and has great development potential. Mark Twain Bank in the United States is the first bank in the United States to provide electronic money services, and it acquired 1, electronic money customers as early as April 1996.

the development of electronic money. The emergence of electronic money is the result of the development of economy and technology to a certain extent. The use of electronic money, first, can replace the issuance of cash to the greatest extent, so that the cost of issuing money is reduced; Second, the issuer will change from the central bank to other entities.

The issuance and use of electronic money has brought us great benefits, but there will also be new problems. The main advantage of electronic money is that it can expand the field of financial services, improve efficiency and make it convenient for users to use.

However, e-cash is flexible and untraceable at the same time, so it will bring problems in distribution management and security verification. Technically speaking, all businesses can issue electronic money, and there are potential problems in electronic cash, such as tax and law, instability of foreign exchange rate, interference of money supply and financial crisis possibility. It is necessary to formulate a strict economic and financial management system to ensure the normal operation of the electronic money system.