S-curve trajectories of electronic money innovations

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• 作者：Jarunee Wonglimpiyarat ; ^{jaruneew@tu.ac.th" class="auth_mail" title="E-mail the corresponding author}
• 关键词：S-curve ; ATM/cash cards ; Credit cards ; Electronic fund transfer at the point-of-sale (EFTPOS)/debit cards ; Smart cards ; Bitcoin
• 刊名：Journal of High Technology Management Research
• 出版年：2016
• 出版时间：2016
• 年：2016
• 卷：27
• 期：1
• 页码：1-9
• 全文大小：833 K

文摘

This paper discusses the S-curve trajectories of electronic money innovations in today's payment system. It explores the development of ATM/cash cards, credit cards, electronic fund transfer at the point-of-sale (EFTPOS)/debit cards, smart cards and Bitcoin, the latest development of electronic money or digital money. The analysis is based on the technology S-curve and Schumpeter's model of economic development to understand the trajectories from physical money to virtual money—a path towards a cashless society. The results have shown parallel S-curve trajectories of electronic money innovations signifying a move from a cash-based economy towards a less cash society. The study sheds light on the future diffusion and adoption of Bitcoin innovation.