James Turk Most discussions about electronic money today focus upon the different forms that currency may take in the future. Largely overlooked so far is an important issue that needs to be addressed. We must note that the words money and currency , although used interchangeably and often synonymously, do in fact mean different things.
Currency gives money visible form.
Like speech, money is a mental tool that we use to communicate with others. For instance, using the mental process of speech we manipulate language to communicate our thoughts and feelings. With money we communicate our subjective judgments of value on a multitude of goods and services, and we use currency to provide the physical means to enable us to act upon these judgments. Currencies, as with languages, vary from country to country. On a deeper level, money fulfills two important requirements.