[EMAIL PROTECTED] wrote: > -- >On 13 May 2002 at 22:34, Richard Fiero wrote: > > As the article excerpted below states, in 2001 there was about > > $620 billion dollars in US currency out there somewhere and 65% > > was in $100 dollar bills. > >Presumably most of those $100 bills are changing hands in >suitcases and brown paper bags, exposing the owners to >considerable personal risk in each transaction. However, in many >countries, most for example Argentina, the government routinely >engages in bank robbery, making the banking system pretty much >unusable. > >Many of those holders of bags of $100 bills would find a quiet >electronic version very handy. . . .
As the article points out, $1 million fits in a briefcase nicely but the Euro's largest denomination is 500 which will allow $1 million to fit into a purse. From the article: " I am not an expert in cryptography, but I think it may take quite a while to devise an electronic money that guarantees anonymity in the same way that cash does."
