Furthermore, by forming industry alliances with smart-card vendors, CyberCash could pose a significant threat to Mondex in the future. Both DigiCash and CyberCash share similarities with Mondex. CyberCash, on the other hand, offers advantages over the Mondex system, because it supports credit card transactions and Mondex cards must be recharged when their cash is depleted. Conclusions Electronic cash systems offer vast opportunities for the consumer and the merchant. In consumer to business transactions, it is easier for the customer because there is no need to carry physical currency, and transactions can be made over the Internet.
Electronic cash offers security, through authentication, and offers non-repudiation of transactions.
Furthermore, the micro-payment model allows previously unsaleable items and services to be paid for, because there isn't a limit on the size of the transaction. When fractions of cents can be transferred between parties, publishers of content can charge extremely small fees and still receive just compensation for their efforts, because the number of people who can afford their content will increase.