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Published in:
2011 | OriginalPaper | Chapter
Unified Electronic Currency Based on the Fourth Party Platform Integrated Payment Service
Authors : Xu Yong, Hu Qiqi
Published in: Intelligent Computing and Information Science
Publisher: Springer Berlin Heidelberg
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This paper presents a solution of unified e-currency based on the fourth party platform integrated payment service. The purpose of the paper is to solve the problem of distribution and resource-wasting caused by the lack of unified electronic currency, and to solve regulatory difficulties due to regulation size caused by a wide variety of e-currency. Methods: This article first analyzes the problems in the development of electronic money, and then proposes the concept of a unified electronic currency based on the fourth party platform integrated payment service. Besides, it proposes a unified mechanism and transaction procedures for unified e-currency, and analyzes the liquidation process, security and regulatory requirements, which are involved in using unified electronic currency.