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What is electronic cash?
E-cash is cash that is demonstrated by two models. One is on-line type of e-cash that allows for the completion of all kinds of internet transactions.
The other is off-line; fundamentally a digitally encoded card which could be used for many of similar transactions as cash.
"Global business-to-consumer e-commerce sales will pass the 1 trillion euro ($1.25 trillion) mark by 2013, and the total number of Internet users will increase to approximately 3.5
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Distinguish between PAL and PLA
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