It departs from the question as to the possible use of network money for transaction purposes. To answer this question, the paper studies a simple model which incorporates the demand for different payment media as well as their supply. In earlier studies, the influence of the supply side has in many cases only been partially included. On balance, the study shows that cyber money will most likely not completely substitute other forms of money. Rather, a specialisation of different payment media for different transaction values is probable.
Specialisation here means that only one payment medium is employed to buy a good.
Here, analogously to the use of electronic money in OTC trade, network money is likely to assume the role of a medium of payment used for small value transactions. Press and Information Tel.