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What is an E-money account?

What actually is electronic money?

Kez avatar
Written by Kez
Updated this week

Your Account is a ‘virtual’ account that holds your e-money. E-money is an electronic alternative to cash. If you or someone else gives us money in one currency, we will issue an equivalent of e-money in that currency.

We will store the e-money in your Account, and other people will accept this as payment. Generally whenever we talk about ‘money’ we're really referring to e-money.

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