Monday, February 9, 2009

Electronic Currency

As a result of the high-speed invention of computers, modems and telecommunications, and advance methods of rendering payment such as electronic currency (digital cash, virtual cash, electronic cash (e-cash), digicash, electronic money (e-money), digital money, Internet currency, cybercash or cyberbucks), are receiving a great deal of attention from both consumers and merchants in E-Commerce and E-Business.


Electronic currency is essentially a system that allows a person to pay for goods or services by transmitting a number from one computer to another. These transactions are done electronically, transferring funds from one party to another. This system is secured by using strong encryption, thus it can eliminate the payment risk as if using the credit card (where consumers have become concerned with hackers obtaining their credit card number stored on the internet) to the consumer. Besides, electronic currency is also known as digital representation of money.

For example Digital Currency, also called as Electronic Currency. Well, some of the digital currencies are backed by real gold stored in vaults, while others are backed by fiat money. Such trustworthy currencies with proven record of good faith and reliability give you the advantage of buying and selling gold. It is a very safe way to store your money, because gold does not run the risk of inflation and you can earn profits when gold grows up.


There are some established digital currencies in the market, such as Pecunix (one of the most reliable, secure and useful digital currencies today), bullion, Liberty Reserve, WebMoney, and others.

Basically, Pecunix is a gold based currency and payment solution that allows people to make and receive payments instantly via Internet. The system is perfectly suited to the demands of e-commerce. You can sign up for an account to make your trading or payment through Pecunix.



Click here http://www.pecunix.com/ for 3 minutes tour on >>>



Personal Opinion:
I’m greatly recommending the use of Electronic Currency to make the payments via Internet when purchasing goods online, since the system is secured by encryption, it raises the confidence of user toward the reliability of the system.
In any case, we need to keep in mind that everyone can trade, but trading requires not just a simple method. It is actually adapting understanding of ourselves and the discipline to apply a plan.


0 comments: