The Basic Conditions and Benefits of E-Wallet

Abstract

This paper is interested to evaluate if electronic wallet (E-Wallet) can take over the role of cash in any country. We assume this monetary transition can facilitate the calculation of the GDP, taxation, control of the laundering money and black market, corruption, control of the money supply, demand money required, low interest rate bands, sells discounts, totally avoid the printing of coins and bills, high control of inflation, ease and cheap transactions, and more fast money rotation in the market. The main condition is that the Central Bank Digital Currency (CBDC) is in fully control and manage of the electronic wallet (E-Wallet). Finally, we make a simulation to evaluate the basic conditions to implement the E-Wallet. We try it to evaluate three countries located in different parts of the world and development stage such as China (large economy size), Malaysia (medium economy size), and Guatemala (small economy size). To evaluate these three economies, we are suggesting to use the E-Wallet Implementation Evaluator (EWI-Evaluator) to do it an exhausted evaluation to accept or reject the implementation and the uses of E-Wallet as official currency and form of payment in any country around the world.

Keywords: E-Wallet, E-Money, Monetary Policy, Multidimensional graphical modeling, learning machine, artificial intelligence, coordinate spaces, quantitative mega- data visualization. JEL Classifi

JEL Classification: Y2, Y20