System and method for providing and transferring fungible electronic money
An electronic money and electronic technology, applied in the field of systems and methods for providing and transferring substitute electronic money, can solve the problems of system abuse of transferring money, and achieve the effect of low cost
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[0069] Structurally and functionally identical elements present in more than one different drawing or illustration are given the same numerical or letter designation in each of the above drawing or illustration.
[0070] The present invention includes systems and methods for providing alternative electronic money that can be exchanged between domestic and international parties (as freely as banknotes). The present invention also includes systems and methods for providing appropriate central bank level oversight for controlling and regulating the flow of electronic money. The system and method of the present invention also involves the gradual replacement of banknotes by digital currencies issued by central banks, implemented through the Global Standard for Money Technology (GSMT) branded electronic money system named after its inventor Roberto Giori. Accordingly, the systems and methods of the present invention are collectively referred to as "GSMT" hereinafter. GSMT is a sys...
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