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Digital Cash-Funny Money With technology advancing as every day goes by there is no telling where the economy will be in the near future With all these forms of technology available and in development stages it is hard to see the outcome of the future and the effect it will have on the way business is conducted Technology has come to play such a significant role in accounting and business that in many ways it now seems part of the professional landscape What will become of the business is done and the form of currency we use to conduct it Will cash be around forever or will other forms of money eventually replace it This is a question that has been puzzling analysts for years The results are unpredictable however many analysts feel that in the near future means of making payments will be permanently altered by e-money therefore completely replacing all currency in the United States The other analysts feel that e-money is just another financial innovation in a payments system th at is constantly evolving but will come to an end As historians say by studying the past you may be able to predict the future In the 1960s credit cards became available as an alternative means of payment In the 1970s and 80s the deregulation of financial institutions created NOW accounts and the money market funds Now in the 1990s and the presence of the millennium it is time for another system to take part E-money is the next innovation in the evolution of the payment system Abbot E- money can be compared to a credit card with slight variations It has a computer chip embedded in a card or the hard drive of a personal computer with balances stored on them adjusting with either debits or credits E-money comes in different forms but there are two basic forms of electronic money in which can be used as a means
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