Legal Definitions - electronic cash

Electronic cash, also known as e-money, is a type of money that is stored on a computer or computer chip and can be transferred over the internet. It is a digital form of currency that can be used to make purchases online or through electronic devices.

• Bitcoin
• PayPal
• Apple Pay

These examples illustrate electronic cash because they are all forms of digital currency that can be used to make purchases without the need for physical cash or credit cards. They are stored on a computer or mobile device and can be transferred electronically.