Quantum Money

70 Pages Posted: 19 Nov 2015

See all articles by Dimitri Ledenyov

Dimitri Ledenyov

James Cook University, Townsville, Queensland, Australia

Viktor Ledenyov

V. N. Karazin Kharkov National University

Date Written: November 19, 2015

Abstract

The quantum money (q-money) as a possible convenient, socially innovative, technologically attractive and user/issuer friendly value storing/not storing unit, mean of payment and exchange medium in the advanced financial systems of the developed states is a subject of our scientific interest in this research article. The purpose of this research article is to report on a number of topics: 1. The historical evolution of the money in the financial systems within the economies of the scales and scopes over the centuries. 2. The definition on the electronic money in the financial systems within the economies of the scales and scopes. 3. The proposal and definition on the quantum money in the financial systems within the economies of the scales and scopes. 4. The theoretical framework on the quantum money functional principles in the financial systems within the quantum economies of the scale and scopes. 5. The monetary policies toward the quantum money introduction and functioning in the financial systems within the economies of the scales and scopes. 6. The possible change impacts by the quantum money on the central banks’ existing monetary policies and the financial systems structure within the economies of the scales and scopes. We believe that the quantum money is more convenient for the existing financial and economic systems, which can be accurately characterized by the quantum macroeconomic theory in Ledenyov D O, Ledenyov V O (2015h) and the quantum microeconomics theory in Ledenyov D O, Ledenyov V O (2015j) instead of the classic macroeconomics and microeconomics theories. The authors think that the present transition to the quantum money (q-money) from the electronic money (e-money) in the finances can be conditionally compared with the present transition to the quantum devices (lasers, quantum random number generators, quantum computers) from the electronic devices (vacuum tubes, transistors, integrated circuits, analog computers, digital computers) in the electronics.

Keywords: quantum money, quantum network, electronic money, money network, cell phone money, paper money, electronic currency, electronic purse, digital cash, digital wallet, bit coin, currency competition, electronic payments instruments, debit cards, credit cards, stored-value cards, smart cards

JEL Classification: E40, E41, E42, E50, E51, F33, G20

Suggested Citation

Ledenyov, Dimitri and Ledenyov, Viktor, Quantum Money (November 19, 2015). Available at SSRN: https://ssrn.com/abstract=2693128 or http://dx.doi.org/10.2139/ssrn.2693128

Dimitri Ledenyov (Contact Author)

James Cook University, Townsville, Queensland, Australia ( email )

Townsville, Queensland 4811
Australia
+61412711540 (Phone)

HOME PAGE: http://www.jcu.edu.au

Viktor Ledenyov

V. N. Karazin Kharkov National University ( email )

Svobody square 4
Kharkov, Kharkov 61002
Ukraine

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