Browsing by Subject E-Money

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  • Paper_FE06_Trappe.pdf.jpg
  • Conference Paper


  • Authors: Trappe, Roswitha Alexandra (2019)

  • E-Money and virtual currency systems (VCS) have been in active use years before Satoshi Nakamoto published his ground-breaking Bitcoin paper, with exceptional popularity in China. As traditional financial institutions and the central bank struggled to keep up with the rapid development of online services and new payment channels in the late 1990s, private firms such as Tencent and Baidu were quick to fill the void in order to facilitate transactions for online purchases with their own VCS Q Coin and Baidu Coin, respectively, which paved the way for e-money systems WeChat Pay and Alipay. Meanwhile, online games such as World of Warcraft saw a sizeable black market emerge on whi...

Browsing by Subject E-Money

Jump to: 0-9 A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
or enter first few letters:  
Showing results 1 to 1 of 1
  • Paper_FE06_Trappe.pdf.jpg
  • Conference Paper


  • Authors: Trappe, Roswitha Alexandra (2019)

  • E-Money and virtual currency systems (VCS) have been in active use years before Satoshi Nakamoto published his ground-breaking Bitcoin paper, with exceptional popularity in China. As traditional financial institutions and the central bank struggled to keep up with the rapid development of online services and new payment channels in the late 1990s, private firms such as Tencent and Baidu were quick to fill the void in order to facilitate transactions for online purchases with their own VCS Q Coin and Baidu Coin, respectively, which paved the way for e-money systems WeChat Pay and Alipay. Meanwhile, online games such as World of Warcraft saw a sizeable black market emerge on whi...