E-Currency:

Electronic Currency is the virtual money that can be used through online or exchanged electronically. Generally, it is known as electronic money that involves in the use of internet, computer network, & digital stored value system. In this modern technology world, electronic payment is highly demanded as it provides high level of convenience and validity.


E-Gold:

E-Gold is one of the most common examples of e-currency. It is integrated into an account based payment system that enables users to trade by using gold as money. Besides, e-gold facilitates the instant transfer of gold ownership between users & can be used exclusively in the Online Auction or Micropayment market.


E-Currency consists of different subsets which stated as below:

Pappercoin

Digicash

Payloadz

PayStone

Firstgate Click & Buy

~ Advantages of Electronic Currency:

Low transaction cost

Opportunity to trade for profits

Leverage can be used to increase risk reward

Everyone can conduct electronic currency

~ Future Evolution of Electronic Currency:

To be used it through a wider range of hardware such as credit cards

Link bank accounts that would generally be used over an internet

Enable the currency exchange with a secure micropayment system

~ Conclusion:

As a conclusion, there are various types of electronic currency tools that available for users to use for online transactions through online. From our point of view, we think that different methods of these tools contain its benefits & able to facilitate the transactions between online sellers & buyers. Therefore, users are strongly encouraged to conduct their prefer business activities by using any of the above methods.

~ Suggested Materials:

E-Gold

Digital Cash

Electronic Currency Trading

Electronic Currency Derivatives: Prospects For The Future