What are the properties of electronic cash?
Properties:
1. Monetary Value: Monetary value should be backed by bank certified cashier’s cheque or cash, bank authorized credit cards.
2. Interoperability: E-cash should be interoperable that is exchangeable for other e-cash, goods or services and paper cash etc.
3. Retrievability: E-cash should be retrievable and storable.
4. Security: E-cash must not be simple to copy or tamper.