[53105] in Cypherpunks
EMO_ney
daemon@ATHENA.MIT.EDU (John Young)
Sun Mar 31 23:37:05 1996
From: John Young <jya@pipeline.com>
Date: Sun, 31 Mar 1996 22:21:45 -0500
To: cypherpunks@toad.com
3-30-96 Economist, three related E-money reports:
"Trials of digital cash and smart cards seem to be going on
everywhere. Who will win the race to control tomorrow's
money?"
"Digitising dollars." Citicorp's Electronic Monetary System
could make all forms of physical money redundant, and, if
it wins broad acceptance, could help to solve some of the
financial industry's most intractable problems.
"The foreign exchange market: illiquid lunch." Diminishing
liquidity; settlement risk; impact of electronic brokering.
EMO_ney
