Electronic Currency

Electronic currency is also known as e-money, electronic cash, digital money, digital cash or digital currency which refer to money or scrip that is exchanged only electronically.

Electronic currency involves the use of computer networks, internet and digital stored value systems. It may only exist in the cyber world, but that is nothing new about it. The examples of electronic currency are Electronic Fund Transfer (EFT) and direct deposit. EFT refers to the computer-based systems used to perform financial transactions electronically while direct deposit is a banking term used to refer to certain systems used to transfer money.

Electronic currency allows its holder to buy the goods and services that the vastness of the internet offers. An e-currency system may be fully backed by gold (like e-gold and c-gold), non-gold backed, or both gold and non-gold baked (like e-Bullion and Liberty Reserve).

Electronic currency trading can let you to do business and earn only few dollars of investment. In fact, some of the experts will suggest the beginners to start with only a few dollars so that they can first learn the ropes of electronic currency. Besides that, electronic currency trading has a low transaction cost. Unlike other businesses that will eat up your profit with a huge amount of fees, it allows you to do business with minimal fees and give you more profit and money. There are few websites examples that can let people to do e-currency tradings such as MG E-currency, JT GOLD.com.

Related links:

1. http://www.selfseo.com/story-6264.php

2. http://en.wikipedia.org/wiki/Digital_cash

3. http://www.romow.com/business-blog/benefits-of-e-currency-trading/

Advertisements

~ by chinchoon87 on June 24, 2008.

2 Responses to “Electronic Currency”

  1. […] Go to the author’s original blog: Electronic Currency […]

  2. Hi, basically it is the same thing, the difference is the procedure used internally by the bank to make the transmission. Electronic Banking

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

 
%d bloggers like this: