Electronic purses, interoperability and the Internet

Leo VanHove

Abstract


These last few months the move toward the standardization of electronic purses has gained considerable momentum. Card issuers and newspapers present this move as crucial for crossborder transactions, and especially urgent for the Euro-zone. Starting from the network externalities theory, I argue that interoperability is more important for electronic commerce over the Internet than for real-world cross-border transactions.

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DOI: http://dx.doi.org/10.5210/fm.v4i4.659



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