ECU Cash is digital banknotes intended for direct peer-to-peer settlements. They operate according to the same principles as physical cash in the real world.

Ownership of an ECU banknote is determined by the actual acceptance of the banknote. Until a banknote is accepted, it is not considered received. Once a banknote is accepted, full responsibility for it is transferred to the recipient.

The transfer of ECU Cash is carried out by sending a banknote to a recipient. After a banknote is sent, the sender cannot modify, cancel, or revoke it. Sending ECU Cash is equivalent to handing over physical cash from one person to another.

The recipient always has the right to choose:

If ECU Cash is received by mistake and is not related to any obligation toward the sender, the recipient is advised to reject the payment. Appropriation of funds received by mistake may be considered unjust enrichment and may entail legal liability in accordance with applicable law.

The ECU platform:

• does not act as a court,
• does not resolve disputes,
• does not interfere in relations between parties.

Loss of access to ECU Cash is equivalent to the loss of physical cash. The user independently chooses the level of security:

• storing funds as cash, or
• transferring them to a secure mode (for example, storage in a wallet).

The series and number of a banknote are its unique characteristics. Certain combinations may have collectible value. The issuance of such banknotes is subject to special rules and may be subject to a fee.