To begin with, it is widely believed that e-money is far more cost-

effective than traditional money. Bills which get torn, crumpled and
sketched by ignorant people and coins that rust impose massive
expenses to departments of treasury and CBs in every country to
publish them every four or five years, while e-money is virtual and does
not need reproduction. Moreover, unlike traditional money, e-money is
not physical so not only it will not be lost or stolen but also its transfer
bears no expense and is done in less than a second.