Abstract: A method for generating electronic/digital banknote, includes the steps of: a) collecting physical and/or numeric parameters of an existing banknote; b) using a first algorithm saved on a file store of a first computer element for generating a first code based on at least some of the collected parameters; c) using a numbering algorithm saved on a file store of a second computer element for generating a unique code number; d) combining the first code with the code number and generating a hashed and unique second code which integrates data of the collected parameters; and e) attributing the second code to an electronic/digital banknote.

Abstract: A system and method for transferring fungible electronic money is disclosed. The system and method include two or more Central Banks that guarantee the electronic money within an electronic communications network, the electronic money being an authenticated and fungible currency capable of electronic transfer. The system and method further include registering a first user within the electronic services network, registering a second user within the electronic services network, receiving a request from the first user to transfer at least a portion of the electronic money to the second user, and electronically transferring the at least a portion of the electronic money to a mobile device belonging to the second user in response to the request received from the first user, wherein the electronic transfer occurs within the electronic communications network.